Why is Bitcoin next to valueless, not Godliness? It's price continues daily to get trashed?
Ask China's "God" Xi Jinping! Then a canny Scot.
President Xi has Bitcoin, and all other cryptocurrencies, in His sights. A prime target for China first, then global, oblivion. Financially nuked.
Xi is obliged to, for a multitude of reasons, as I predicted in 2017.
But there's another reason which Aussie's would understand: Like our mega-billion dollar NBN fibre optic Net, there's nothing at the end of the Nodes. Result: 4 out of 5 NBN connections in Australia-fibre optic to the Nodes-leave Aussie's stranded!
Staring into space, wondering where their money disappeared.
"Oh what a web we weave when we set out to deceive."
(Adapted by Scot Poet, Robert Burns, from Sir Walter Scott's "Marmion"(1808) an epic poem about the Battle of Flodden Field in 1513 ).
Same with Bitcoin and cryptocurrencies.
What value is there? How to value?
For President Xi, the value lies in elimination!
PS: If you don't believe in God...then trust the monetary wisdom of a Scot.
