Fri Jun 8 15:49, 2018 GMT Cointelegraph Data Shows Bitcoin url protocol types From ‘Hodlers’ to Speculators in Bitcoin in Last 6 Months Cointelegraph Data from Chainalysis shows that the amount of Bitcoin owned by long-term investors is now almost equalled by short-term speculators, according to Financial Times report June 8. Eat not the things that are unclean. Being paleo, I’m no Bitcoin buddy.
But you can’t ignore this thing. There’s a growing mob of people convinced the future of money will not be like the past. No central banks, No government controls. No cash tied to political decisions or interference. As a result Bitcoin, and other rival cryptocurrencies, have spawned a Wild West of finance. Compared to this, real estate in Toronto or Vancouver is a giant, boring, brain-dead GIC.
Despite this, the number of supporters is ramping up daily. Surprisingly, now the doomers have signed on. Some people say Bitcoin is sucking off a lot of support from the traditional hedge-against-paper-money, which is gold. Of course, why someone who thinks the world might blow up would put all their faith in money that only exists if you have a good Internet connection and a charged-up phone is curious. Our gossamer grid might be the first piece of infrastructure to fail.