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When the fed prints money they debase the currency. Debasement reduces the purchasing power of the existing currency in supply. This means the dollars I traded
by unboxingelf 3y ago
When the fed prints money they debase the currency. Debasement reduces the purchasing power of the existing currency in supply. This means the dollars I traded my time and energy for can purchase less. Bitcoin does not have this problem.
- SchizoDuckie 3y agoThankfully bitcoin is less susceptible to the FED printing press and more to the whims of what someone like Musk is doing on the social media platform he just bought. ¯\_(ツ)_/¯ Your argument makes no sense. https://www.sciencedirect.com/science/article/abs/pii/S0040162522006333#:~:text=Introduction,market%20capitalization%20by%20%24111%20billion https://www.sciencedirect.com/science/article/abs/pii/S00401....
- unboxingelf 3y agoThe same phenomenon occurs when he talks about securities like TSLA or Dogcoin. Your entire comment lacks substance.