No. of Recommendations: 2
But the real stake through Bitcoin's heart is price instability. Today Bitcoin dropped by 2.69% but is up 52% in the last six months. You can't conduct business in a currency that volatile. You pay in Bitcoin if you like, but goods and services need to be priced in something stable, like dollars or euros.
If you track the USD value in BTC, you find it is BTC that is stable and that today the USD rose by 2.69% but is down 52% in the last six months. And yet we continue to conduct business in a currency that volatile.
R:)
