Why Bitcoin Price Doesn’t Matter

“Bear markets are the best time to be alive and in the industry. It’s depressing for someone who doesn’t know what they’re doing, it’s amazing for someone with a long-term view.” – Simon Dixon

The difference between Bitcoin and everything else is that the price of bitcoin doesn’t matter. In the long run, the price of bitcoin has gone up, yes, but bitcoin’s value proposition as hard, unseizable and truly decentralized money is really what matters. Not the price hype and not the bomb. This is why traders and speculators have lost interest in Bitcoin and continue to flock to the newest decentralized finance (DeFi) project or non-fungible token (NFT) in a heartbeat. This loss of interest from speculators is seen by many as a negative development for Bitcoin, but it is actually very positive. What we are now seeing represented in the lower price of bitcoin is the value of its real functional utility and the absence of retail speculation capital that existed before. This article will describe why this is a good thing.

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