Bitcoin is a flight-to-safety asset: the most secure way to get wealth thru a crisis, if held securely from threats raised by that crisis.
Show this thread
The safety Bitcoin provides is not the short-term risk aversion desired by pension funds & insurance companies. It is currently undergoing price discovery which makes its price too volatile for that. Rather Bitcoin has fundamental safety:https://twitter.com/NickSzabo4/status/1162743096821469184 …
![Viejonazo [Bitcoin BTC⚡🔑]](https://pbs.twimg.com/profile_images/1179937870754254848/nPCfRMUZ_normal.jpg)
-
-
what are your views on quantum computers and quantum resistant encryption?
-
As a threat to Bitcoin's security, possible but very unlikely.
-
thanks for the reply ... I find the topic incredibly interesting considering how technology continues to build upon itself ...would love to understand more about how the governance of a decentralized body like Bitcoin sources there data and information when it comes to encryption
End of conversation
New conversation -
-
-
I agree with this - curious at what market cap you’d expect this to change... ?
-
It won't change until the market cap has stabilized, which is more likely than not at a much higher level many years from now, but it wouldn't be volatile if there weren't a great deal of uncertainty involved.
-
Right, we’re on the same page. Was just curious, specifically distinguishing between inst ivestor spec dollars and ‘flight to safety asset’ dollars, what your expectation was for a ‘much higher level’. Much higher than the $2-8T gold competitor cap?
End of conversation
New conversation -
-
-
BTC will be a “fit” for pension funds when the price is much higher b/c then it will be less volatile--after the bulk of the price discovery. Ironically, those funds will then rationalize that BTC is “less risky” than now, despite an order of magnitude (or two) higher in price.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
At this stage of adoption, it is meant for those who can bear short term ups and downs! Put small amount that you can afford to lose. And see chart from 6cents to $30 and back to $2 to $1200 moves - after few years, you'll be always better off with BTC!
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.