5 ms·
> It's the greater fool theory. Is BTC any more greater fool than USD? If so, why do you believe so?
by eric_cc 4y ago
> It's the greater fool theory.
Is BTC any more greater fool than USD? If so, why do you believe so?
- capitalsigma 4y agoPeople don't buy USD to HODL, they spend it.
- eric_cc 4y agoThis is bullshit and you know it. Source: savings accounts.
- capitalsigma 4y agoSavings accounts are not speculative investments that are expected to appreciate over time. They are for people to store easily accessible money in, so that they can spend it in the future. Nobody is banking on selling their USD to someone else at a 2x markup in the future.