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There’s still room for it to become an inflation hedge, we still havnt really seen much in terms of USD inflation and people scrambling for the exit. OTOH, gov
by zadler 2y ago
There’s still room for it to become an inflation hedge, we still havnt really seen much in terms of USD inflation and people scrambling for the exit.
OTOH, government crackdowns might be able to tank the price.
- fragmede 2y agothe bet is that the incoming regime won't crackdown and may go do the opposite
- throw0101d 2y ago> There’s still room for it to become an inflation hedge, we still havnt really seen much in terms of USD inflation and people scrambling for the exit. Bitcoin is no more an inflation hedge than gold is, which it is not: * https://www.nber.org/papers/w18706 https://www.nber.org/papers/w18706 * https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3667789 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3667789 and both are something worse, deflationary: * https://www.nber.org/books-and-chapters/financial-markets-and-financial-crises/gold-standard-deflation-and-financial-crisis-great-depression-international-comparison https://www.nber.org/books-and-chapters/financial-markets-an... * https://www.goodreads.com/book/show/775143.Golden_Fetters https://www.goodreads.com/book/show/775143.Golden_Fetters Gold did not help in stabilizing currencies or economies: * https://archive.is/https://www.theatlantic.com/business/archive/2012/08/why-the-gold-standard-is-the-worlds-worst-economic-idea-in-2-charts/261552/ https://archive.is/https://www.theatlantic.com/business/arch... and neither would Bitcoin.