Bitcoin breaks $60.000.00
Think about it. Gambling and lotter tickets go up during tough economic times. Why?
It is not that Bitcoin is just a GOOD investment, it is that everything else is viewed as crap. It is RELATIVE. It tells us that everything else is viewed as a bad investment.
People don’t see a future. You bet the farm, when you think the farm is worthless and you are not in control of anything. You buy Bitcoin when you think everything else is worthless.
Few have read the Wealth of Nations by Adam Smith.
The 'bet' is like any investment into a commodity, that it will still be desired/needed in the future.
With bitcoin ETFs from the largest financial companies in the world, and more and more merchants accepting it as payment, and it being impossible for governments to control or seize, there's little evidence that it won't continue to gain value in a world of debt and inflation.
Unlike frozen concentrated orange juice or copper, supply mining is global, automated 24/7, and requires little investment into equipment compared to physical commodities.
What is one reason that bitcoin will NOT continue to grow as a commodity?