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Originally Posted by lowyder993s
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All he’s saying is that if more people decide to allocate a % of their portfolio to BTC, the price will go up - this is true since the supply is fixed. That’s why the “believers” hype it so much…as long as they convince more people to buy in the price will rise and they can sell into new demand. There is still zero intrinsic worth and basically zero use case unless you are a criminal or money launderer. Pure speculation and I think eventually it’ll be one of the most spectacular crashes and destroyer of wealth of all time. That could take years though before the bottom falls out….
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1957 Speedster, 1965 356SC, 1965 356SC Outlaw, 1972 911T, 1998 993 C2S, 2018 Targa 4 GTS, 2014 Cayenne S, 2016 Boxster Spyder, 2019 Tacoma
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