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I think a store of value is exactly what MicroStrategy (and other large institutional buyers of crypto) are looking for right now. If it gets to the point wher
by nostrademons 6y ago
I think a store of value is exactly what MicroStrategy (and other large institutional buyers of crypto) are looking for right now.
If it gets to the point where people will be calling on their Bitcoin reserves, the IRS will no longer be a going concern, at least one that anyone will be paying attention to. It's insurance against the collapse of governments, and so any government regulation other than ones affecting its storage & ownership aren't relevant.
- f00zz 6y agoNote that places where the local currency is actually collapsing aren't seeing much cryptocurrency adoption. In Argentina people just buy USD. In Zimbabwe people were using equities in the local stock market as hedge against inflation [1]. [1] https://www.bloomberg.com/news/articles/2020-07-06/for-zimbabwe-investors-stock-exchange-closing-is-the-last-straw https://www.bloomberg.com/news/articles/2020-07-06/for-zimba...
- d0gbread 6y agoCompared to what.