and other big financial institutions, who want to use it to settle payments on their back-end systems. This is due to the relatively high cost of arbitrage, or buying the asset on the lower-priced exchange and selling it on the higher-priced exchange, to make a small profit. Is there any reason why a typical consumer would prefer to use a cryptocurrency instead of a credit card? Maybe a big profit.
ETF listed on a major exchange, allowing ordinary people to invest easily. Is it a bubble? Dollar, which is the worlds most trusted currency. But even that probably wouldnt doom the dollar, which is valued everywhere for the liquidity it provides. So, just a couple of weeks ago when bitcoin began to approach the 20,000 mark, I owned over.8 million dollars worth of bitcoin on paper; on paper. Wake me up in five years. Whats the difference between bitcoin and other cryptocurrencies? Its the only one with its own futures contracts. Whos running the show? Those are souvenirs that cant be converted into actual bitcoin.