Kevin O’Leary, Chairman O’Shares ETFs & Beanstox Inc expressed: The decision to own bitcoin is binary. First do I buy yes/no, then it’s what % of the portfolio do you allocate. Then it’s how you own it. My coin must be mined carbon neutral and with a sustainability mandate. I’m not the only investor thinking this way.
A lot of marketing for promoting Bitcoin and its usage happens with a reference to inflation.
Anyone who is discussing Bitcoin will discuss “Inflation, as this term was always used everywhere and especially in this country, means increasing the quantity of money and bank notes in circulation and the quantity of bank deposits subject to check.”
The real inflation will happen after printing money. A bank must hold only 10% in cash and can lend the rest as credit. This numbers will added also in circulation.
However, critics have to state that recently it just looks like banks are holding 0% and lending everything – idiomatically stated to indicate there is too much paper money in circulation.
It has been projected that the risk of increasing inflation has been the highest in decades. When there is lot of money chasing very little products it is a situation called inflation. For more clarity, Inflation is a rise in price to counter scarcity. Simply printing money doesn’t trigger inflation. If people are consuming more than is capable of being produced, then inflation hits. If production can match the money being injected into the economy, then there’s no inflation.
And, now those who criticize BTC and the PoW mining have to say a lot about the amount of energy it consumes in the mining process.
And now users are discussing the mandates that should be around for BTC. If we are going to do mandates for Bitcoin how about for private jets or for Netflix and the TVs that everyone uses nationally that uses more power than Bitcoin miners.
Many are for eco-conscious forms of mining, and are seeking to create sustainable solar energy farm/mines. There is consistent research happening on what one can bring to the table? Curiosity is building to see how one will be able to help drive the massive innovation they are already seeing in crypto over the last years.
By looking at all these discussions happening in the cryptocurrency space, it just looks like the last word on the many features and parameters ruling Bitcoin is not said yet. Innovation is in progress.
