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In what sense do you mean that the dollar is cheaper than bitcoin? Surely it doesn't mean anything to say that one currency is cheaper than another, since the e
by OscarCunningham 5y ago
In what sense do you mean that the dollar is cheaper than bitcoin? Surely it doesn't mean anything to say that one currency is cheaper than another, since the exchange rate is what it is.
I would predict that people prefer dollars to bitcoins, since they are less volatile.
- imtringued 5y agoThe dollar is getting cheaper every year through inflation. Hoarding USD is impossible over the long term. Meanwhile Bitcoin has an entire community centered around hoarding. The price they charge you keeps going up. The amount they spend keeps going down.
- JumpCrisscross 5y ago> dollar is getting cheaper every year through inflation. Hoarding USD is impossible over the long term. The U.S. dollar is a transactional currency. It's very good at that. If you're holding value over longer terms and want cash-like liquidity and security, you hold Treasuries, which are inflation resistant.