Dear Daniel,

Thank you for reading my work and thank you for taking the time to contribute to the discussion.

You are absolutely right that the hacking of a centralized and ergo non-infrastructural piece of the Bitcoin blockchain should have naught to do with the overall price of Bitcoin.

Yet I am continually surprised with how often pundits, reporters and journalists regularly link one factor or another to create the illusion where correlation implies causation.

Yet at the same time, because so many mainstream media outlets attribute a falling (or rising) price of Bitcoin or cryptocurrencies to some factor which sounds reasonable, the undiscerning may be led to assume causation, where in fact there may have been none at all.

Which is why I love cryptocurrencies so much — they’re what you make of it. An unconstrained asset (if you will) which have the potential to be anything.

Thank you for elevating the quality of the commentary and I look forward to hearing from you again.

Yours,

Patrick