Saifedean Ammous, author of The Bitcoin Standard, argues that Bitcoin already functions as money because holding it counts as monetary use, even if it is not widely used for everyday payments. He rejects the idea that Bitcoin's fixed supply and current volatility prevent it from being a medium of exchange. Ammous expects Bitcoin's volatility to decrease as its market grows, potentially surpassing gold in market capitalization. He views Bitcoin's roles as a store of value and medium of exchange as overlapping stages, with payment adoption likely to increase as volatility declines and liquidity improves.
Saifedean Ammous's views on Bitcoin as a medium of exchange provide context for the cryptocurrency market snapshot on Pluang as of Oct 14, 2026 23:11 WIB. Of 50 major cryptocurrencies priced on Pluang, 6 rose and 43 fell today. Notable movers include XLM at Rp3.266 with a 1-day change of -4.56%, FIL at Rp19.444 down 4.41%, and UNI at Rp128.838 down 4.35%.
BlackRock reported a strong third quarter with adjusted earnings of $15.93 per share, beating estimates by a wide margin and marking a 38% increase year-over-year. Revenue grew 19% to $7.75 billion, driven by $205 billion in net client inflows, inclu...
Home BancShares will release its Q3 2026 earnings report on October 14, with analysts expecting earnings per share of $0.64 and revenue around $293-$294 million, marking a 5.5% revenue increase and 4.9% EPS growth from last year. The bank's P/E ratio...
Hyperion Materials & Technologies has acquired The Ultra-Met Company, a tungsten carbide manufacturer based in Urbana, Ohio, to expand its capabilities in serving the US aerospace and defense sectors. Ultra-Met works closely with the US Department of...
Morgan Stanley reported Q3 earnings per share of $3.03, surpassing analyst estimates of $2.93 and $2.83 consensus. Revenue reached $20.34 billion, a 12% increase year-over-year and above the $19.93 billion estimate. Strong equity trading and record w...
Bank of New York Mellon is set to report its Q3 2026 earnings, with analysts expecting earnings per share of $2.27 and revenue of $5.55 billion. This represents an 18.3% increase in earnings and a 9.5% rise in revenue compared to the previous year, d...
