The bet was on prices of commodity metals from 1980-1990, and they fell.
Even up to 2022, they went down with exception of chromium which must be used in lithium batteries or something.
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69 sats \ 0 replies \ @SimpleStacker 8 Jan
So it's basically whether population driven demand growth will outpace population driven supply growth/cost reduction.
With Bitcoin, supply growth and cost reduction tends towards zero in the long-run since block rewards trend down. So for Bitcoin population growth should increase price.
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