How about we call them Bitcoins and Coins?
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Whoever thought dragging up in a WhatsApp group chat should start a group call needs to be taken outside at dawn and shot
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I reckon, to deal with tourists driving up the price of everything in Cape Town with their first-world currencies, everyone should offer a 25%+ discount if you can show your ID/driver's license. I'm not paying R160+ for a pizza while hearing tourists marvel at how cheap we are. #SouthAfrica #CapeTown
What if there's a "dark" market for Bitcoin? Strategy, all these governments and companies starting Bitcoin reserves, etc, do you really think they're going to be buying it on open markets like Binance? No. They'll be buying directly from miners, or whales, "over the counter". Retail dictates the public price, but all of these massive deals are not happening on public platforms. Whose to say they even use the public price as a reference point? Governments, individuals, companies, are free to exchange bitcoin at whatever price they agree on. I just don't see big corporations and governments boosting the Bitcoin price "authentically" by using open markets. They get their supply elsewhere. Keep in mind as well, that exchanges can overstate their bitcoin balances and absorb any money coming in without letting the price skyrocket. This will only become apparent when these big players settle to onchain addresses.
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In the spirit of Easter Monday, Bitcoin has risen