DailyCoin Flipside of crypto podcast

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Who says there is no comedy in finance? The main street and institutional investors have been poking at the cryptocurrency space, for hacks, crashes, market volatility all in order to establish a narrative of vulnerability.

And now the FED, the main institutional player, the keystone figure of centralization just crashed. Although we hope this won’t impact regular users in a big way, and hopefully this will quickly be resolved, but this is a great example of karma at work.

Centralization just took a big L, thus showing many people just how important decentralization is. So please sit back and grab a hot beverage, as we will explain in simple terms why you should be excited about Bitcoin and what you should expect going forward: Bitcoin is decentralized. Why is it important to you? What happened to the Fed is extremely unlikely to happen to Bitcoin. On the flipside, yes there are scenarios that Bitcoin could be affected by outside info, but that should actually be treated as an advantage. It shows Bitcoin’s not perfect, thus not too good to be true. Bitcoin’s fundamentals are intact. What does this mean? There is only 21 million Bitcoin in existence and more of them are bought every single day, compared to the numbers of newly mined Bitcoins. Bitcoin is monetary energy. It means it's a great way to not only store value, but also make great returns. And thus people can have a bank in cyberspace, to quote Micheal Saylor, to store their funds. This allows individuals and businesses to not only have funds at the ready, but it annihilates a lot of logistical issues as well. Bitcoin follows the network effect of Metcalfe's law. What this means is - the more users there are on a network, the more valuable the network becomes. Institutions are coming. Institutional investors love regulation and transparency, and the more regulated Bitcoin will be, the more value major institutions will place in it thus making Bitcoin a less volatile asset.