> Right now Bitcoin value is purely based on speculation
That isn't factual. Analysts have found an almost perfect correlation between new wallets growth and btc's price. Transaction clearing delays will be fixed. Give it time.
That isn't factual. Analysts have found an almost perfect correlation between new wallets growth and btc's price. Transaction clearing delays will be fixed. Give it time.
The question here (at least to me), is what all those new wallets are doing with their bitcoin, what percentage of the community is actually using bitcoin as a currency vs an "investment" and they are just holding.
Now, this doesn't mean that I don't believe in Bitcoin or Blockchain tech for that matter, quite the opposite.