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You are using a false choice fallacy. Sure, arguably better to speculate on bitcoin than food and real estate. But it would be even better if they didn't specul
by rhino369 9y ago
You are using a false choice fallacy. Sure, arguably better to speculate on bitcoin than food and real estate. But it would be even better if they didn't speculate on bitcoin too.
I think you are discounting how fucked some people will be when bitcoin inevitably drops to zero. A lot of people are putting their nestegg into it.
Also, food futures are almost certainly a good thing. It lets farmers hedge risk, which leads to more farming and overall lower prices.