Politicians’ newfound love of crypto probably has more to do with a cynical bid for young voter support and Silicon Valley cash than a maturing of a financially perilous set of assets.
It means that despite being fifteen years old, it still takes more electricity for a single bitcoin transaction than to drive an electric SUV from Florida to California, cost per single transaction has still spiked over 50 USD twice in the last six months, and it remains too prone to wild inflation and deflation for any serious business to actually price anything in.
In other words, it has the same inherent value it always has, none at all.
It means that despite being fifteen years old, it still takes more electricity for a single bitcoin transaction than to drive an electric SUV from Florida to California, cost per single transaction has still spiked over 50 USD twice in the last six months, and it remains too prone to wild inflation and deflation for any serious business to actually price anything in.
In other words, it has the same inherent value it always has, none at all.