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I can store the majority of my wealth in Bitcoin over the long term and know that my share of the total supply won't be significantly diluted, because it's disi
by Quindecillion 4y ago
I can store the majority of my wealth in Bitcoin over the long term and know that my share of the total supply won't be significantly diluted, because it's disinflationary with a max supply hard cap.
This is not possible with fiat. You can't have any confidence how much fiat will be produced by central banks at the press of a button. Millions? Billions? Trillions? Who knows...
Whenever I need liquid cash to buy things I can quickly and easily convert to fiat at anytime, and gain the benefit of price appreciation over the long term (+4 years).
The only problem with that at the moment is capital gains tax, but I believe that will be addressed eventually.