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6 sats \ 1 reply \ @028559d218 7 Jan \ on: Bitcoin ‘debasement trade’ is here to stay: JPMorgan bitcoin
bitcoin with the market cap of gold is... around 500k if i remember correctly. that assumes that gold and bitcoin are equally useful. but bitcoin is digital and can be sent/received on a phone not to mention easily verified.
the analogy i've heard is... blockbuster to netflix. netflix after it matured was never equal to blockbuster eventually it far outgrew it
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0 sats \ 0 replies \ @Rothbardian_fanatic OP 7 Jan
As fiat is debased, the value of BTC goes up in terms of fiat. It will go up as far as THEY are willing to debase the fiat.Personally, I think that they are willing to debase fiat to zero.
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