Bitcoin Advocate Slams 'Number Go Up' Culture: 'Freedom Money People Are Done With Bitcoin'
Portfolio Pulse from Khyathi Dalal
Bitcoin advocate Jeremy Kauffman criticized the 'number go up' culture in the Bitcoin community, arguing that it has driven out advocates of financial privacy and freedom. He believes the issues with Bitcoin are cultural rather than technological or regulatory, and expressed disappointment with Bitcoin's inability to assist in situations like the Canadian truckers' protest. Kauffman suggests that the focus on Bitcoin's monetary value has overshadowed its potential as a free currency.
July 30, 2024 | 6:42 pm
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Jeremy Kauffman's criticism of the 'number go up' culture in the Bitcoin community highlights a cultural shift that may affect investor sentiment. His comments suggest a growing disillusionment among early Bitcoin advocates, which could lead to short-term volatility in Bitcoin's price.
Kauffman's critique points to a cultural shift in the Bitcoin community, which may lead to short-term negative sentiment among investors. This could result in increased volatility and potential downward pressure on Bitcoin's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100