10 sats \ 0 replies \ @03479d0ee6 17 Feb freebie \ on: What exactly are you buying with $50000? bitcoin_beginners
Like Peter said in the show there isn't an single answer because bitcoin offers many use cases for different people. In the case of Quoth the Raven he is asking from an investor perspective, he knows stocks and gold, and for him it's a bet on people getting tired of inflation and rebel against the fiat system and opt-out, and doing so it increases the value of the network and btc. For me, the simplest explanation i can come up is its savings technology, it's the ability to save long term, it's something everyone needs and there is no other better option that Bitcoin. But Bitcoin is different things for different people, from speculative asset to censorship resistant money and everything in between.