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> TX is preparing for more waves of USD inflation. I mean, the guy sponsoring the bill straight up said its so Texas can invest in the highest performing asset
by lesuorac 1y ago
> TX is preparing for more waves of USD inflation.
I mean, the guy sponsoring the bill straight up said its so Texas can invest in the highest performing assets of the past 5 years.
So, it's not in preparation of USD inflation.
- Dig1t 1y agoIt can be both. Bitcoin is useful in the same exact way that gold is. Governments the world over have stockpiles of gold, it’s an asset that goes up over time and also resists inflation.
- elzorroplateado 1y agoagreed! thank you
- bediger4000 1y agoGold has both industrial uses and aesthetic desirability. I was not aware of those properties in Bitcoin! Thank you!
- npoc 1y agoThat type of demand is unrelated to its monetary demand. Gold's monetary qualities are robustness, divisibility, scarcity, fungibility, portability etc. Bitcoin dematerializes the monetary qualities of gold into a superior, digital form.