Digging into George Soros\u2019 theory of reflexivity reveals what\u2019s happening to Bitcoin right now.Image Credit to Pixabay via Pexels2020\u2019s coming to an end and it seems clear that it\u2019ll be one of the most chaotic years in history when all is said and done. For Bitcoin, however, it just might be the best yet. As Bitcoin rose above $18,000 this morning, I found myself wondering yet again: \u201cwhy exactly is this time different?\u201dYes, institutional adoption is at an all-time high as I\u2019ve pointed out primarily on NBX\u2019s blog here. Still, as Bitcoin and the overall crypto market continue to grow, numerous critics have also resurfaced with same arguments that were most prominent in 2017. \u201cBitcoin\u2019s merely a bubble.\u201d \u201cIt\u2019s too risky to be taken seriously.\u201d These ideas and more are still driving the cases of those who refuse to believe in its rise.Yet, are things really the same this time?Consensus would say, no. If you take all of the leading opinions on Bitcoin in 2020, including Raoul Pal\u2019s, Anthony Pompliano\u2019s, Robert Breedlove\u2019s, Jeff Booth\u2019s, and several from outside of the space such as: Mike McGlone, Paul Tudor Jones, and Stanley Druckenmiller, then you get one overarching conclusion. This time, Bitcoin\u2019s being valued fundamentally differently, especially by institutional investors.For the first time in history, it\u2019s being treated as what it\u2019s always been. Digital gold.If you\u2019re not familiar with the term, just think \u201ca digital currency with a supply that\u2019s limited forever.\u201d There will only ever be 21 million bitcoins and that can\u2019t ever change because Bitcoin\u2019s code forbids such a change. Since that\u2019s true, it\u2019s the first \u201cdigitally scarce\u201d asset ever. While these facts have been shared since its inception, it\u2019s taken 10+ years for institutional capital to expect them. This might seem like a long time for Bitcoin\u2019s fundamental value\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Digging into George Soros\u2019 theory of reflexivity reveals what\u2019s happening to Bitcoin right now.Image Credit to Pixabay via Pexels2020\u2019s coming to an end and it seems [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2738,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/2737"}],"collection":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/comments?post=2737"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/2737\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/media\/2738"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/media?parent=2737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/categories?post=2737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/tags?post=2737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}