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Exactly. It's basically inflation, just not in day to day commodities (food, groceries, etc.). I think it's the same reason bitcoin price is jumping.
by apta_ 6y ago
Exactly. It's basically inflation, just not in day to day commodities (food, groceries, etc.). I think it's the same reason bitcoin price is jumping.
- imtringued 6y agoIn theory Bitcoin should perform about as well as gold. Gold did pretty well this year but what Bitcoin did is so insane it is bound to see a correction eventually.
- hobby-coder-guy 6y ago>In theory What theory?
- pashamur 6y agoIn theory, yes, but similar amounts of inflows to bitcoin/gold will result in different performances since the market cap of bitcoin is so much smaller (supposedly the circulating supply is ~4 million bitcoin, so functionally ~120 billion USD float currently, versus multi-trillion for gold).