$BTC.X Been bullish on crypto since August but only due to supply/demand and the momentum that was building. Long-term I can’t get behind it... there’s nothing tangible, it’s not backed by anything, and nobody really knows the resiliency of the technology. In 10-20-50 years, what’s stopping quantum computing or other methods that have yet to be invented from cracking everyone’s bitcoin keys? Maybe bitcoin runs to 100-300k, but maybe it eventually becomes worthless. Bitcoin has a solid 10 year track record as a store of value, but is thousands of years less proven than gold. Lastly, I think a degree of skepticism is always required when this level of euphoria is reached. Just my opinion, and it’s not really relevant to the short-term outlook.
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