On July 13, Cobra, the owner of Bitcoin.org, tweeted that Bitcoin's stability is a good thing, expressing hope that Bitcoin's price will remain within its current range over the next three to four years. This would allow well-intentioned individuals to accumulate Bitcoin while driving out greedy people who view it as a get-rich-quick scheme. He reminded followers that if you're involved in Bitcoin, you should be thinking decades ahead. Meanwhile, Cobra noted that fortunately, Robinhood is absorbing the greedy retail investors among millennials, pushing them into the stock market: most will lose money, a few will profit, but at least they won't be competing with us to accumulate Bitcoin. The greatest benefit, however, will be maintaining the collective mental health of the Bitcoin community: if prices remain more or less stable, price anxiety will disappear, and more Bitcoin experts will focus on real-world use cases and fundamentals rather than obsessing over price movements.
Add to Favorites
Share to Social Media
