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It's not intrinsically a bad thing (some may hold that opinion, though). However, if you are investing in Bitcoin because it is similar to gold in that scarcity
by josephwegner 6y ago
It's not intrinsically a bad thing (some may hold that opinion, though). However, if you are investing in Bitcoin because it is similar to gold in that scarcity is a primary attribute, then the ability to mint new bitcoins is dangerous.
I'd also posit that "because America does it" is a fairly weak argument for many of the claimed benefits of Bitcoin. Much of Bitcoin's charter is that it helps move away from government-controlled currency. If you think America's monetary system is the best option available, then Bitcoin likely is not your thing.