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It would be interesting to keep track of these predictions and then see a few years later who was right. I don't think Bitcoin hodlers understand how much they
by algebraically 5y ago
It would be interesting to keep track of these predictions and then see a few years later who was right. I don't think Bitcoin hodlers understand how much they rely on a functional fiat currency system. Bitcoin is not a standalone currency and there is no meaningful productive economic activity happening with Bitcoin which means at the end of the day they must convert their "gains" into fiat to actually realize them in any meaningful way. This means inflation hurts them just as much as anyone else. Whether 1 Bitcoin is worth $60k regular dollars or $120k hyperinflated dollars makes no difference since the purchasing power of the dollar or the hyperinflated dollar ends up being the same.