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The Sky Is Not Falling: Why The Bitcoin Price Doesn't Matter

Authored by Nico Antuna Cooper via BitcoinMagazine.com,

The recent bitcoin price action demonstrates that it’s time for a more grown-up culture of building, development and adoption around Bitcoin.

“Bear markets are the best time to be alive and in the sector. It’s depressing for those that don’t know what they’re doing, it’s awesome for those that have a longer-term view.”

– Simon Dixon

The difference between Bitcoin and everything else is that the price of bitcoin doesn’t matter. Over the long term the price of bitcoin has gone up, yes, but the value proposition of bitcoin as hard, non-confiscatable and truly decentralized money is really what matters. Not the price hype and not the pump. This is why traders and speculators have lost interest in Bitcoin, and continue to flock to the newest pumping decentralized finance (DeFi) or non-fungible token (NFT)

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