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10 sats \ 0 replies \ @siggy47 OP 16h \ parent \ on: Newmarket Capital Announces New Bitcoin Collateralized Loans bitcoin
I understand your point, but I think it's more complicated than that. Value is being transferred from the fiat system to the bitcoin system. If these bitcoin capitalists just sit on their bitcoin, I agree, adoption is not being aided. However, I look at guys like Peter McCormack. Whatever you think of him, he is using his wealth to spread bitcoin in his town. He bought a football team, pays the players in bitcoin, bought a bitcoin only bar.
I remember hearing Obi Nwosu on a podcast, saying wealthy bitcoiners need to use their bitcoin to invest in bitcoin businesses and spend bitcoin.