The Capital
Published in

The Capital

Are Bitcoin and Crypto in a bubble, or are they useful?

It’s not that simple

The first thing to note is that just because some asset is in a bubble, that doesn’t mean that the asset has no real utility. Just because speculation can get out of control on an asset, doesn’t mean that said asset has no utility.

So I think cryptocurrency does have real-world use. Particularly as a store of value and a medium of exchange. Cryptocurrency is also backed by blockchain technology which has real-world use, which means it’s categorically false whenever someone…

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Jonathan Garner

Jonathan Garner

Finance/Investing/Economics blogger. I’m also a Philosophy of Religion blogger:https://jonathandavidgarner.wordpress.com/