493 sats \ 2 replies \ @south_korea_ln 28 Feb freebie \ parent \ on: Which brings more peace if it happens in the next 12 months? bitcoin
Very true. If it comes with a full collapse of the value of traditional assets, it would be truly chaotic at first. No chance it'll happen like that though.
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0 sats \ 1 reply \ @jeff 28 Feb
Why would value collapse?
If a bitcoin was worth 5x the median salary, a new car would still be worth 0.4x the median salary.
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0 sats \ 0 replies \ @south_korea_ln 28 Feb freebie
Sorry, probably not using the right language. I meant it in the following sense:
  • Fiat worthless compared to Dollar
  • Housing market going back to its "real" value than its speculative value
  • Stocks going back to their fundamentals
  • Etc
Basically, i was thinking of a scenario where the only way to store value is by owning Bitcoin. Housing, stocks, are now mostly seen as investments to beat inflation. This would not happen anymore in the scenario i was thinking of.
But I'm no econ expert, by far. So you can certainly poke many holes in my logic.