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by acdha 1543 days ago
How about you let me know when ordinary people use it for anything other than speculation? When a business would care about it shutting down because their customers can’t trivially switch to an alternative?

That’s the problem with multiplying the number of coins by the last sale price: it assumes a larger pool of buyers than we’ve ever seen. The number of people treating it as anything other than a lotto ticket isn’t anywhere near enough to support a valuation in the range of trillions of USD.