Bitcoin will be impossible to reflate into a bubble again

Voltaire famously said that “paper money eventually returns to its intrinsic value — zero.”

His words serve as an inspiration for many precious metals enthusiasts, but if Voltaire were alive today, he very well might modify that statement to cryptocurrencies “eventually returning to their intrinsic value — zero.” The same could be said for the Argentine peso, the Turkish lira and other currencies that have turned into confetti in the 21st century, which is only 18 years old.

First, let’s look at bitcoin.

I don’t have a problem with blockchain as a technology, which I admit is revolutionary; but I do have a problem with bitcoin BTCUSD, -0.88% as I believe it is an electronic line of code that is unnecessary in the blockchain process.

>>> Original Source <<<