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Some in the Bitcoin space claim to only be in it for the tech, maintaining that bitcoin’s price doesn’t matter much to them.
Whether they’re just posturing or whether they really mean it, they’re overlooking a major factor that keeps the Bitcoin network secure and healthy — the price of bitcoin.
Lyn Alden did an exemplary job describing why bitcoin’s price matters in the follow post:
Because money is a network good.
Liquidity feeds more liquidity. And eventually broad enough liquidity feeds stability, which makes it more usable. Which then feeds more liquidity.
It is similar to why we are here on this platform whether or not we like the recent owner.…
— Lyn Alden (@LynAldenContact) October 24, 2023
Her main points included:
The more liquid bitcoin becomes, the less volatile and more usable as money it becomes.Price is a market signal: five years of stagnant price action would send a negative signal to the market
We współpracy z: https://bitcoinmagazine.com/takes/bitcoins-price-does-matter-a-lot
