Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Bitcoin (BTC)
  • News

Bitcoin (BTC) Primary Function is “F*ck You Money” –Jameson Lopp Explains

Tobi Loba November 24, 2019 3 min read
CZ Binance Goes Down the Memory Lane, Compares Present Situation of Bitcoin (BTC)

As the price of BTC keeps displaying reluctant growth in the market, some Bitcoin maximalists remain resolute regarding the future and the capability of the digital currency.

Jameson Lopp, the CTO at Casa recently displayed his stern belief in the cryptocurrency, as he pinpointed the primary function of Bitcoin as “f*ck you money” instead of “store of value”.


trade now

Bitcoin (BTC), the largest cryptocurrency by market capitalization has struggled over the years to prove its worth as a safe haven during global financial crisis.

However, without fear or favor, the digital currency has at some points showcased its capability of replacing money in the future. Not just that alone, but to also serve as a store of value such as Gold and other precious metals.

Jameson Lopp Says Bitcoin (BTC) Primary Function is Not Being “Store of Value”

The CTO at Casa and the creator of statoshi.info, James Lopp, has aired what he thinks is the primary function of Bitcoin (BTC) in a recent tweet shared with his over 200,000 followers.

In the tweet, he sentimentally pinpointed that Bitcoin’s major function is to confront and challenge the use cases of conventional money. Could that be really true? It could, however, be considered since that was why the anonymous creator of Bitcoin (BTC), Satoshi Nakamoto reportedly created the digital token in 2009.

He claimed that Bitcoin’s quality of being a “store of value” is the result of its primary function, claiming that BTC’s major function is rather “f*uck you money”.

Bitcoin's primary function is not "store of value" – that's a result of its primary function.
Bitcoin is "fuck you money."

For example:
You want to seize my accounts? Fuck you.
You don't want me to buy ______? Fuck you.
You want to steal my wealth via inflation? Fuck you.

— Jameson Lopp (@lopp) November 24, 2019

Charles Hoskinson Says Bitcoin Will Attain $100,000

The CEO of Cardano (ADA), Charles Hoskinson has also shared his opinion regarding the future of Bitcoin in terms of price as the downtrend gets more obvious and consistent in the market.

In the trending tweet, he averred that the mission of Bitcoin (cryptocurrency) regarding changing the world is still intact. He then concluded that BTC will break above $10,000 resistance again, and will attain $100,000 someday.

He said, “Bitcoin’s price is going down? Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that’s going to change the world. We will see 10k btc again and welcome 100k. Crypto is unstoppable. Crypto is the future.”

Bitcoin (BTC) Price Trend

Bitcoin (BTC) has been on a huge downtrend over the past few days. Howbeit, this display seems to be the reflection of the accuracy of some cryptocurrency analysts, who have predicted the possibility of Bitcoin retesting $6,000 price region.

The price of the digital currency indeed retraced to the said price region about 48 hours ago, the price some analysts believe would be the bottom of BTC before embarking on its routine price parabolic uptrend.

After Bitcoin retested $6,000 price level that erupted outcry within the crypto community, the digital token then experienced a short price upsurge that aided it to be priced slightly above $7,000 support level.

At the time of filing this report, BTC is trading at $7,112.99, with relatively 3% price downtrend in the last 24 hours. With this price uncertainty beclouding the market at the moment, the price trend of Bitcoin could be somewhat difficult to predict.

Bitcoin Whale Moves 44,000 BTC

Despite the price retracement hugely exhibited by BTC in the crypto market, Bitcoin whales are still moving huge funds from one wallet to another.

As related by Whale Alert, a live cryptocurrency tracker on Twitter, a Bitcoin whale has just moved the sum of 44,000 BTC ($310,923,081.16 at press time) from an unknown wallet to another.

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: Bitcoin Parabolic Movement of 2015 is Still Intact –Co-founder at Adamant Capital
Next: Ripple’s Partner, MoneyGram Joins Alliance with Visa to Enhance P2P Global Payment Service

Related Stories

DeFiLlama is Facing an Internal Disagreement on the Matter of Forking the Blockchain Project
3 min read
  • Blockchain
  • Cryptocurrency
  • DeFi (Decentralized Finance)
  • News

DeFiLlama is Facing an Internal Disagreement on the Matter of Forking the Blockchain Project

March 30, 2023
Goldman Sachs Names Bitcoin the Best Performing Asset as Per Year-to-Date Evaluation
3 min read
  • Bitcoin (BTC)
  • Cryptocurrency
  • News
  • On-chain Data & Analysis
  • Price Analysis

Goldman Sachs Names Bitcoin the Best Performing Asset as Per Year-to-Date Evaluation

March 30, 2023
Cardano’s Rising TVL Value Fails to Pump ADA Price
3 min read
  • Altcoins
  • Blockchain
  • Cardano (ADA)
  • Cryptocurrency
  • DeFi (Decentralized Finance)
  • News
  • On-chain Data & Analysis
  • Price Analysis

Cardano’s Rising TVL Value Fails to Pump ADA Price

March 29, 2023

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$28,441.00
4.16%
ethereum
Ethereum (ETH)
$1,796.38
1.14%
tether
Tether (USDT)
$1.00
-0.02%
binancecoin
BNB (BNB)
$314.56
0.29%
usd-coin
USD Coin (USDC)
$1.00
0.03%
ripple
XRP (XRP)
$0.55
4.59%
cardano
Cardano (ADA)
$0.380997
3.32%
dogecoin
Dogecoin (DOGE)
$0.075791
2.61%
binance-usd
Binance USD (BUSD)
$1.00
0.10%
polkadot
Polkadot (DOT)
$6.20
2.22%

Recent Posts

  • DeFiLlama is Facing an Internal Disagreement on the Matter of Forking the Blockchain Project
  • Goldman Sachs Names Bitcoin the Best Performing Asset as Per Year-to-Date Evaluation
  • Cardano’s Rising TVL Value Fails to Pump ADA Price
  • Congressional Hearing On Cryptocurrency Policy Puts SEC Chief Gary Gensler On the Hot Seat
  • DWF Labs Invests $40 Million In Fetch.ai To Deploy Decentralized Machine Learning
  • Hydra Ventures DAO Fund Raises $10M In New Funding Round
  • FTX’s $45M Bankruptcy Asset Sale Delays Embed Divestment Process
  • MetaMask Warns Users Of Fake Airdrop Rumors
  • Microsoft is Testing a Built-in Crypto Wallet for its Edge Web Browser
  • YouTube Influencers to Face Class Action Lawsuit for Promoting FTX
  • Singaporean Women Outperforms Men In Crypto Gains – Survey
  • Modification Of Crypto Banking Rules Possible If Market Reacts Strongly – Basel Committee Chair
  • Irene Zhao’s Crypto Social App Announces Fresh Fund Raise Of $4.5 Million 
  • What is a Network Effect and How Does It Work?
  • Circle Plans To Introduce Its USDC Stablecoin On The Cosmos Blockchain Network

Categories

You may have missed

DeFiLlama is Facing an Internal Disagreement on the Matter of Forking the Blockchain Project
3 min read
  • Blockchain
  • Cryptocurrency
  • DeFi (Decentralized Finance)
  • News

DeFiLlama is Facing an Internal Disagreement on the Matter of Forking the Blockchain Project

March 30, 2023
Goldman Sachs Names Bitcoin the Best Performing Asset as Per Year-to-Date Evaluation
3 min read
  • Bitcoin (BTC)
  • Cryptocurrency
  • News
  • On-chain Data & Analysis
  • Price Analysis

Goldman Sachs Names Bitcoin the Best Performing Asset as Per Year-to-Date Evaluation

March 30, 2023
Cardano’s Rising TVL Value Fails to Pump ADA Price
3 min read
  • Altcoins
  • Blockchain
  • Cardano (ADA)
  • Cryptocurrency
  • DeFi (Decentralized Finance)
  • News
  • On-chain Data & Analysis
  • Price Analysis

Cardano’s Rising TVL Value Fails to Pump ADA Price

March 29, 2023
Congressional Hearing On Cryptocurrency Policy Puts SEC Chief Gary Gensler On the Hot Seat
3 min read
  • Binance
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Regulation

Congressional Hearing On Cryptocurrency Policy Puts SEC Chief Gary Gensler On the Hot Seat

March 29, 2023
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok