Comment on A cryptocurrency? Tech stock? Bubble? What exactly has Bitcoin become? by Semiotic Animal

['Joe Carter', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar', 'Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright'] Comments for Religion & Liberty Online 2017-12-13 20:04:54

Bitcoin has become the most popular mainstream cryptocurrency by ceasing to be a form of currency. Bitcoin and other cryptocurrencies have a long way to go before they can create a similar “money delusion.”Is bitcoin a wealth redistribution system? As the price of bitcoin increases, the value of the holdings of these early movers is rising almost exponentially. The price of bitcoin is currently rising based solely on the idea that the price will rise even further. The fact that bitcoin is a speculative bubble, though, does not mean that it will pop anytime soon.