digital gold

Discussion in 'Crypto Assets' started by Goldlover, Oct 2, 2023.

  1. LFG! 2
     
    #31     Oct 13, 2023
    jbusse and johnarb like this.
  2. johnarb

    johnarb

    LFG! 3

    On topic of the thread... Bitcoin as digital gold with finality of supply, an absolute scarce digital asset

    There will only ever be 21 Million bitcoins

    Here's a beautiful breakdown from Cathie Wood of the different demand levers that will be applied to the inelastic Bitcoin supply

    When 1 bitcoin is worth $1M, it will not stop there, it will continue to go up in price, this is because of the US $ debasement

    To put this into perspective, bitcoin price is ath against several fiat currencies, Argentina, Lebanon, Turkey, Venezuela, even though bitcoin price is more than 50% off its US $ ath price

    The rate of US $ debasement is simply slower than the currencies mentioned above

     
    #32     Oct 13, 2023
    semperfrosty and jbusse like this.