Remarkl
Jan 20, 2023

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In 2022, Bitcoin price and Bitcoin usage have become uncorrelated.

That's because users don't care what a Bitcoin is worth. When you fly from point A to point B, you care about the fare, not the value of the plane. The early correlation had to do with proof of concept. The more people used BTC, the more likely it was to be a good value. But the value did not reflect the usage in the way the price of a commodity reflects demand for its use.

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Remarkl
Remarkl

Written by Remarkl

Self-description is not privileged.

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