The primary reason people believe in “assets” that protect their purchasing power is because they have never been able to store money in money.
#bitcoin changes this and everything else as a result.
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🤯 Se a frase for "Dinheiro compra tudo o que não tiver um preço infinito no futuro mais distante imaginável.", a conclusão será que #Bitcoin é o único dinheiro. Porque tudo precificado em bitcoin tende a zero; e finito (maior que zero) divido por zero é igual a infinito.
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I love when people say it has no other utility.
Normies just don’t get it
This is unbearable, sorry. Let’s criticise fiat money but also make sense:
It is simply inaccurate that people have “never been able” to store “money in money”.
1. Gold used to be money. Great SoV, for millennia.
2. People also invest in land, equities. Both store value.
3. Bitcoin is down severely vs. gold. Has been for 4 years.
Nothing changes. Economic laws are what they are.
Fair point about gold being a SoV, but Bitcoin down against gold? What chart are you cherry picking from? 🍒
Not a cherry picking. You need to look at the price of it gold coins - Not the money illusion of fiat money.
Bitcoin cost 38 to 39 gold coins in 2021 when El Salvador announced legal tender.
Now it exchanges only into 30 gold coins. Too little progress with monetisation.
Lol, it appears you indeed tried to cherry pick a very specific date, but also that you're reading a chart upside down 😉
Gold has become significantly cheaper per ounce when measured in Bitcoin since June 2021 (0.052 BTC then vs 0.033 BTC now)
Try to be rational.
The goal is to find out what the REAL, the fundamental value of bitcoin may be.
Study up on tatonnement and then look again at a long term chart. Consider the fundamental news at the time of peaks. Consider past maxima which tested the top.
Expressed in a real money like gold not in useless fiat, of course.
#whybitcoin101
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Well said
🔥🔥🔥
Exactly! I heard you say that in a podcast this week. Thanks Jeff. Love all your interviews 🧡🙏
Totally! Humanity has burned centuries of brainpower inventing assets just to survive broken money. Now that it’s fixed, what happens when that energy turns to building/fixing instead of hedging. The compounding of this will dwarf AI’s productivity. Bitcoin has liberated or shall we say unleashed a creative force we haven’t seen in millennia.