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Bitcoin will never be able to beat official currencies in developed countries in this important metric - short term inflation risk. People tend to forget this
by RivieraKid 5y ago
Bitcoin will never be able to beat official currencies in developed countries in this important metric - short term inflation risk.
People tend to forget this but no other asset is safer in the short-term than the dollar, euro, etc. Why? Because no other asset has a powerful central entity whose job is to prevent loss of value above the 2% inflation target.
- X6S1x6Okd1st 5y agoBeat at what?
- RivieraKid 5y agoIn short-term inflation risk.
- psychlops 5y agoTheir job is to push the worth of their currency inexorably toward zero.
- RivieraKid 5y agoNo, their job is to maintain inflation as close to 2% as possible.
- psychlops 5y agoIndeed, it's the same thing.
- RivieraKid 5y ago2% inflation is not a real problem. It's preferable to a situation where the official currency would have a 0% inflation.