Community Trust ScoreVerified
Michael Saylor: The Bitcoin price is set by those with more money and less knowledge than you. In time, they will get the knowledge and you will get the money.
Community Reaction: Those with more money and less knowledge are losing now. They have every day more knowledge. We are getting money every day more with shorting bitcoin. It’s not knowledge. Its experience.
Bitcoin is made out of energy and the ultimate source of energy is the sun. Bitcoin will power mankind to the moon, Mars and beyond. Bitcoinwill enable a new age of plentiful renewable energy. We need almost limitless energy for our interstellar future.
None of this makes sense. BTC is a hedge against inflation, actual comes in 0.2 percent higher than expected and BTC drops. Thoughts on BTC being so controlled by Wall Street?
We were told BTC is an inflation hedge, but has that ever proved to be the case in all of BTC history? It may one day, but we can’t say this has been demonstrated. BTW, we have to admit the BTC narrative keeps changing, which not necessarily, but often is a negative.
Monetary growth expanded from $636 billion in January 1971 to an absurd $7.4 trillion by the time our legal experiment caught up with us in the winter of 2007.
Bitcoin is an investment. A very volatile investment which only gains and loses value in the exchange. It is a high reward high loss investment that requires a significant capital to offset the lows. Right now, we are moving into a tighter money supply. Feds are selling bonds.
Not even near an inflation hedge. Who said that? The Stock Market and BTC have a strong correlation.
There’s a difference between Bitcoin will be a hedge against inflation versus Bitcoin is a hedge against inflation. By design it is that hedge. And by adoption, it will be.
Crypto is the opposite of an inflation hedge. It is a speculative asset which needs liquidity to keep it’s price elevated. If inflation is hot rates get pushed higher, liquidity dries up & BTC declines.
A small group of people have realized the value of BTC. For BTC to be a hedge against (growth and inflation), we all need to be in the same page. Insofar as it continues to be a speculative asset, it will continue to move with the market.
A very small group understand what Bitcoin really is. Most want to get rich quick and when it fails to deliver they bail on it. More education is needed. It should be where people go for safety when our financial system implodes. Bitcoin will keep building blocks, banks fail.
In 10 years from now, people will be punching themselves for not buying right now.
