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It sort of makes sense. I suppose, in my naive understanding, that it would somewhat reverse the current situation. Right now, you invest by buying stocks, bond
by nilkn 13y ago
It sort of makes sense. I suppose, in my naive understanding, that it would somewhat reverse the current situation. Right now, you invest by buying stocks, bonds, etc., because cash loses value over time and stocks hopefully gain value. If we all used bitcoin, though, then you could viably "invest" by simply saving your bitcoins. The currency itself would be the investment rather than something else. Obviously, though, you'd still have to spend money in order to acquire anything.
I'm really out of my depth economically here, but couldn't this inadvertently lead to a sharp drop in general investment in publicly traded companies?