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The fact that Bitcoin is a non-sovereign, hard-capped supply, global, immutable, decentralized digital store of value and that it’s an insurance policy against
by alwillis 6y ago
The fact that Bitcoin is a non-sovereign, hard-capped supply, global, immutable, decentralized digital store of value and that it’s an insurance policy against monetary and fiscal policy irresponsibility from central banks and governments globally is valuable.
It can't be inflated and it can't be counterfeited. It's not subject to political pressure or the whims of a government.
To the extent that anything has intrinsic value, since value is subjective at the end of the day, Bitcoin certainly does, especially now as we have Great Depression levels of unemployment during a global pandemic. The more the global reserve currency is inflated—that would be the trillions and trillions of dollars that have been printed in the past year—the more valuable Bitcoin becomes.