Is Bitcoin just demand, as mean there are actually no backup and it can collapse anytime?

The current price of Bitcoin is measured on ‘stable’ coins - USDT,USDT… and keeps going up because of the demand.

It can collapse when a small fraction of the BTC owners decide to cash out - sell BTC to get USDT,USDT… and then attempt to convert USDT,USDT… to fiat USD.

To find details on why a collapse may happen check this article -
The danger in the stable coins (thought experiments and the real price of Bitcoin)

Project home               Q&A home

    Send us an email        Instagram - Decentralized Web        Twitter - Decentralized Web        Telegram - Decentralized Web        Tik-tok - Decentralized Web

Go To Top               Become a User - start getting rewards