Dan Held shared: The world has an unlimited supply of fiat to buy a limited supply of 21M Bitcoin.
Community Response: Demand for Bitcoin has risen tremendously: more than half (55%) of current investors in Bitcoin began investing over the last 12 months.” Chart with upwards trend— @Grayscale 2021 Bitcoin Investor Study.
After all bitcoin supplies are distributed lest says someone has 1 BTC worth of 1m and I have 1m USDT. Who cares? Plus this doesn’t mean I cannot buy anymore BTC if that is ur point. If I cannot buy BTC anymore there is no use case for bitcoin but I can use altcoin.
I believe they’re saying, invest now for far less than 1m, because of course you will be able to swap into bitcoin at 1btc for 1m USDT but by that point, BTC will be working with far less Volatility. So, in theory, everyone should be able to swap simultaneously as a transaction.
I don’t believe anything they say anymore because they are buying some percentage and then waiting for other people to begin buying. And then they are selling it over us when they see a profit. This is the only truth.
Could be true, it is up to yourself in making adequate investments, entries/exits. However, when you begin to see mass adoption from multiple countries around the world, I don’t believe that is the only strategy at play.
And more than 75% of that unlimited supply of fiat is controlled by governments and the rich! And the rest with the common people fighting each other to get that extra penny out from one’s pocket to another!
Completely correct man, I’m visiting all exchanges to get free 10usd from them haha.
They will most likely buy shelter, healthcare, education, commodities, products, and services with it. Inflation is coming, higher rates are coming, less fiat is to be spent speculating on risk assets.
House, land, weapons, gold makes sense rest doesn’t in my opinion. Bitcoin is a “risky” asset now but maybe 2 years from now can be the most stable, inflation hedge valuable asset.
Bitcoin needs to have a mechanism by which it feels the inflationary pressures to be a hedge. It needs to be a part of the real economy somehow. Otherwise, why would its price rise with inflation?
And then what after all limited supplies are distributed? Enlighten us please about it too.
After 21 million what is next how to grow the economy and make it sustainable in time.
The most important thing is going to be fair. Because now I don’t have BTC and I don’t know how I can improve my environment.
What if time had no center? No one could look at the clock and know ok tomorrow at 6 I have to get up to work, but it would be a decentralized system for time?! We could not predict the tick of a clock? Yet the ticking would be there? It would change everything! Bitcoin.
Bitcoin tweets read like a fortune cookie or war propaganda or daily calendar wisdom these days. Jesus what has this place become.
If any nation wants to wage war on Bitcoin, just print money, buy Bitcoin, and, when the price is high, dump.
Fiat is being “cut” out of thin air in the last decades, and some people still can’t accept the existence of crypto.
Can someone please share with me the bitcoin political cartoon with the politician standing on the plank over the cliff with the people on another end?
That means Bitcoin is still at a black Friday sale heading to millions of dollars per BTC.
But there’s enough fiat for the unlimited number of transactions that a limited supply of anything can withstand.
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