Take houses for example, many people buy them not necessarely to live in but as an investment vehicle since the value of their local currency is fallen faster than the house. The more do that the claims they are for that currency when people are selling, plus these people are measuring the house price in that currency. But the most important thing that stengthens the currency is the fact the people are willing to sign their life away on mortgage contracts that will take their years of hard work, time and energy to pay that back. This also strengthens the currency because the debt is denominated in it.
There are many other things such as 401k, taxes, stocks, bonds, etf, now the #bitcoin etf
208 sats \ 1 reply \ @TheBTCManual 8 Mar
Sure Bitcoin appreciation could gain in multiples and some governments could try to turn that taxes or even holdings into a method of reducing debt, but what's the point? The end game will always be back to devulation, no government can survive at the size they are now without inflationary monetary policy and asking these entites to go against their own short term interests is a tough sell
How people use their Bitcoin is up to them, sure many will realise gains in fiat and fund the government with it, maybe some governments seize it who knows, Bitcoin is money for everyone, and many assholes will own it and eventually squander it
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0 sats \ 0 replies \ @piecover OP 8 Mar
On point
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103 sats \ 4 replies \ @kepford 8 Mar
The ETFs do not weaken bitcoin which is what you are saying. We still live in a fiat world. The ETFs are a capitulation in the fiat system. I know what you are saying but you're missing the big picture.
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0 sats \ 3 replies \ @piecover OP 8 Mar
I agree with that too, I never said it's not good for Bitcoin it benefits both
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3 sats \ 2 replies \ @kepford 8 Mar
Fair you didn't say that. But I disagree with you that it is good for the dollar. At best it is neutral.
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0 sats \ 0 replies \ @piecover OP 8 Mar
The ETF will not give you BTC when you want to redeem it but worthless usd
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0 sats \ 0 replies \ @piecover OP 8 Mar
In what currency is your ETF denominated? My point is not that it's saving the dollar from collapsing but it make it more relevant, just like tether makes the usd more relevant in a world stage. My 2 sats
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27 sats \ 1 reply \ @Coinsreporter 8 Mar
It's better to rent houses and cars than to own them.
It's not a bad idea to only own Bitcoin.
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0 sats \ 0 replies \ @piecover OP 8 Mar
In some cases I agree
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6 sats \ 1 reply \ @hasherstacker 8 Mar
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0 sats \ 0 replies \ @piecover OP 8 Mar
True
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