"The more liquid bitcoin becomes, the less volatile and more usable as money it becomes. Price is a market signal: five years of stagnant price action would send a negative signal to the market about bitcoin's value."
"The security of the Bitcoin network depends in large part on the amount of people or institutions that mine bitcoin. As the block subsidy decreases every four years, bitcoin has to continually increase in price for miners to remain incentivized to mine the asset."
"Bitcoin's price adds to its legitimacy: the closer bitcoin's market cap gets to the market cap of gold, the more investors view the assets as comparable."
"An increase in bitcoin's price incentivizes holders to continue to do things to keep the network healthy... its success depends on us."
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