bitcoin as official currency...

[face the facts]

There are roughly 10,000 cryptocurrencies in circulation. However, the number can vary slightly depending on the source and whether inactive or discontinued cryptocurrencies are included. It's also important to note that a significant portion of these cryptocurrencies may not be actively traded or have substantial market capitalization.

why is bitcoin worth usd 95k?
because big whales like blackrock is in cohoots with the Fed to support the price?

 

[zhihau]

Bitcoin went over $12,000 and the sky seemed to be the limit.

That aside, what are the prospects of cryptocurrencies? Overtake the fiat currencies we use in this day and age?

I beseech the collective wisdom of our SBF bros to give their take on this. Pweety please?

Right, Bitcoin went over $117,000 and the sky seemed to be the limit.

Tiagong a number of central banks working on their own CBDCs. What next?

I continue to count on the collective wisdom of our SBF bros. Only 21 million BTC up for grabs and 95% of the supply is gone.

 

[zhihau]

Does Sinkiestan keep a strategic BTC reserve?

 

[k1976]

After 8yrs….still no action leh

 

[zhihau]

After 8yrs….still no action leh

From the $10,000 to the recent sub $100,000 range considered no price action?

You have a huge appetite

 

[ftan42]

For BTC being used as collateral, it allows the "freeing" of T-bills and cash, which are highly liquid assets within financial institutions, enabling better liquidity management and efficient allocation of resources. I can't think of any better use of BTC for transactions, especially when some establishments do not accept it.

 

[glockman]

BTC will not become an official currency, it's a store of value like gold and silver. And as long as the world views it as a valuable asset like gold and silver, it will remain a good investment.

 

[glockman]

After 8yrs….still no action leh

In 2018 (eight yrs ago), BTC was US$13,657 and ended the year at approximately $3,742.

Oct 2025, it reached almost US$125k (all time high), we expect new all time highs this year, and of course the expected dips here and there which we hope will be smaller.

 

[ftan42]

If you believe in BTC using as a collateral for debt($38T), for a total limited supply of 21 million pieces, which result in only
21,000,000 x $100,000(present price) = $2.1 trillions, which is a far cry away from $38T, so in order to cover the full collateral value of $38T
the BTC price has to jack up to $1.8 millions per coin
many headroom for invest in BTC, is the assumption correct?

 

[zhihau]

If I recalled correctly, 1 BTC is equivalent to 100,000,000 Satoshi?

edited from 1m to 100m