Some in the Bitcoin space claim to only be in it for the tech, maintaining that bitcoin\u2019s price doesn\u2019t matter much to them.\u00a0<\/p>\n Whether they\u2019re just posturing or whether they really mean it, they\u2019re overlooking a major factor that keeps the Bitcoin network secure and healthy \u2014 the price of bitcoin.<\/p>\n Lyn Alden did an exemplary job describing why bitcoin\u2019s price matters in the follow post:<\/p>\n Because money is a network good. <\/p>\n Liquidity feeds more liquidity. And eventually broad enough liquidity feeds stability, which makes it more usable. Which then feeds more liquidity.<\/p>\n It is similar to why we are here on this platform whether or not we like the recent owner.\u2026<\/p>\n \u2014 Lyn Alden (@LynAldenContact) October 24, 2023<\/a><\/p><\/blockquote>\n Her main points included:<\/p>\n I\u2019d like to help further Lyn\u2019s argument by including the following points:<\/p>\n So, if you were pumped when bitcoin\u2019s price hit a new all-time high this week, good for you.<\/p>\n Even if you weren’t necessarily thinking about the points made above as bitcoin\u2019s price reached new highs, it\u2019s also okay to simply be happy about having greater purchasing power.<\/p>","protected":false},"excerpt":{"rendered":" Follow Frank on X. Some in the Bitcoin space claim to only be in it for the tech, maintaining that bitcoin\u2019s price doesn\u2019t matter much to them.\u00a0 Whether they\u2019re just posturing or whether they really mean it, they\u2019re overlooking a major factor that keeps the Bitcoin network secure and healthy \u2014 the price of bitcoin. […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-29175","post","type-post","status-publish","format-standard","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/29175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/comments?post=29175"}],"version-history":[{"count":0,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/29175\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/media?parent=29175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/categories?post=29175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/tags?post=29175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![](\"https:\/\/bitcoinmagazine.com\/.image\/c_fit%2Ch_800%2Cw_1200\/MjA5NjU1OTY0ODg0ODA1MDUw\/screenshot-2024-09-30-at-114323am.png\")
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