Jimmy Song Believes Bitcoins Actually Meet People’s Needs Unlike The Other Coins

Parth Vig
Parth Vig is a Management student, and a keen observer of Cryptocurrency and blockchain technology, his interest in writing brings him to thecoinrepublic.com, He believes that he has many ideas that he pens down and he feels it would be a great asset for any kind of creative writing.
  • Jimmy Song, who is a Bitcoin educator, developer, and entrepreneur, recently twitted in support of Bitcoins.
  • Bitcoins came about in the global economic crunch of 2008 to provide a haven.
  • Michael Nye, a well-known cryptocurrency enthusiast, tweeted his views on Bitcoins.

Jimmy Song, who is a Bitcoin educator, developer, and entrepreneur, recently twitted in support of Bitcoins. He mentioned in his tweet “#bitcoin is building stuff that meets people’s needs (there’s a real lack of good stores of value in the world)
#shitcoin is building stuff to justify printing money.”

It is a known fact that when it comes to cryptocurrencies, Bitcoins are the most popular option available to us. They also have the largest market of all the cryptocurrencies.

Bitcoins came about in the global economic crunch of 2008 to provide a haven. However, over the past decade, Bitcoins have become more than just a technology to provide a haven. Recently, they were named the best performing digital asset of the 2010s.

No other asset was able to match Bitcoins in growth rate and popularity within the previous decade. BTC started as nothing, but over 10-12 years became the most popular digital asset of all.

The tweet made by James Song acknowledges the achievements of the Bitcoins and called it crucial when it comes to circumventing any economic crisis on a national or global scale.

Michael Nye, also a well-known cryptocurrency enthusiast, tweeted his views on Bitcoins. He wrote, “I’m bullish on Bitcoin and the potential of a cryptocurrency over the next 5-10 years, but I don’t spend time anymore watching price action on a day to day basis.

I’m not inspired by it, so you won’t see me talking about it much, if at all, anymore.” As of now, Bitcoins are the most critical digital asset on the market and are steadily growing. One might believe that another price breakout for digital currency might haven soon.

However, such an incident cannot be predicted for sure due to the vast uncertainties in the cryptocurrency market. As of 3rd February 2020, Bitcoin is trading at $9414 after showing a growth of 1.11% within the last 24 hours.

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