Quote:
Originally Posted by Azure
BTC has stabilized more and more as more institutions have come onboard.
Instead of focusing on the 'omg dip' part of it, look at the general value of BTC over 20 years.
Then look at the general value of the USD over 20 years.
Big difference.
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How do compare over a 20 year period when one of the components hasn't been around for 20? And what does general value over 20 years even mean?
Yes, u.s. dollars will lose value, on average, over time due to inflation. As others have said, nobody holds u.s. dollars as an investment or inflation hedge. That's what real assets, commodities and equities are for.
That's what I can't get my head around. Bitcoin isn't a real asset, a commodity or an equity. Does it want to be a currency or an investment vehicle? Or neither?
How is there any way that the volatility and price spikes can be anything but speculation? (With dash of fomo)