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Hedging against what? There are plenty of ways to hedge against inflation risk or currency risk without buying into an asset that can lose 50% or more of its va
by ac29 6y ago
Hedging against what? There are plenty of ways to hedge against inflation risk or currency risk without buying into an asset that can lose 50% or more of its value very quickly (and has, a number of times).
- VoiceOfWisdom 6y agoHow would you suggest hedging against the death of fiat currency without buying a non fiat currency?
- JumpCrisscross 6y ago> How would you suggest hedging against the death of fiat currency without buying a non fiat currency? We’re aware there are non-U.S. dollar currencies out there? And non-currency assets one can buy?
- phs318u 6y agoMaybe it's just me, but if we truly see the (global) death of fiat currency, the inability of Elon Musk to sell a Tesla is gonna be among the very least of anyone's problems.
- solveit 6y agoIn general yes, but I think Musk's inability to sell Teslas is going to be a major problem for the particular person deciding whether Tesla buys BTC or not.
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- imtringued 6y agoNigera is suffering from high inflation and their problem is that they aren't mechanizing their agriculture sector. The end result is that they import a lot of food and fail to export their cash crops. If the government borrowed/printed money and used it to grow the agriculture sector they could actually stave off inflation despite increasing the money supply.
- rafiki6 6y agoAs per usual, the major issue with fiat currency is how poorly the government is managing the country.
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