It’s likely you already are bought in if you have a typical 401k investment setup as several large firms have btc on their books. Small as it may be, it’s likely there.
Why? Because a whole bunch of it is locked up somewhere? That’s already the case for bitcoin. Only a tiny fraction of the total supply actually moves. The vast majority is either in abandoned or lost wallets, or being held.
Bitcoin lost 20% of its value in a month. It’s great for speculation, but it seems like a shitty thing to use as a currency.
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It’s likely you already are bought in if you have a typical 401k investment setup as several large firms have btc on their books. Small as it may be, it’s likely there.
Wouldn’t this give it stability?
Why? Because a whole bunch of it is locked up somewhere? That’s already the case for bitcoin. Only a tiny fraction of the total supply actually moves. The vast majority is either in abandoned or lost wallets, or being held.
That’s not what makes a currency stable. The Fed wouldn’t need to work so hard if that’s all it took.