It may have been pumped up by government agencies, to get everybody convinced that it was a solid asset, so digital currency could be studied,
Once they learned they needed to, they collapsed them.
Not just studied, but accepted.
Google has been pimping Bitcoin in all sorts of Android phone 🤳 app games.
Advertising other services. Google will claim it’s just ads but the ads also have offered $500 for signing up with a game 🤣🤣🤣🙄🙄🙄 and smaller amounts. My guess is they all wanted your PayPal.
“Free’ Bitcoin... fractional amounts.
It’s ridiculous. Plus a constant push of CashApp. A gal at work regretted using that app. I think she said fees. Maybe there was stuff in the “terms” dunno.
It was a market propped up by young people with not a lot of disposable income. When Biden crashed the economy, they needed it to pay for other things.
According to Musk, just about ALL money is digital today.
From yesterday mornings Q&A
https://m.youtube.com/watch?v=FLvTcRrzy20&feature=youtu.be
Between 34:20 and 36:00 he reveals how and why he feels he can make Twitter a service people cannot live without.
You might want to go back a little earlier to grab a better context
IMHO with the feds coming out with their own crypto next year Bitcoin can’t be allowed to compete, so they’ll crash it.
Can you imagine the control they’d have if everything is paid for electronicly. All your purchases, your bank accounts, everything. How are you going to buy illegal items? How can you work under the table?