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You're right, they wouldn't refer to it as money because that would undermine the power of their own printed fiat currency. So its just some sort of very expen
by scottiebarnes 5y ago
You're right, they wouldn't refer to it as money because that would undermine the power of their own printed fiat currency.
So its just some sort of very expensive commodity asset, which is used to store value, which we can expect to use to trade with other people, which USED to be money but somehow isn't anymore.
- arcticbull 5y ago> You're right, they wouldn't refer to it as money because that would undermine the power of their own printed fiat currency. No they don't refer to it as money because words have meaning.