digital gold

semperfrosty said:
LFG! 2
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LFG! 3

On topic of the thread... Bitcoin as digital gold with finality of supply, an absolute scarce digital asset

There will only ever be 21 Million bitcoins

Here's a beautiful breakdown from Cathie Wood of the different demand levers that will be applied to the inelastic Bitcoin supply

When 1 bitcoin is worth $1M, it will not stop there, it will continue to go up in price, this is because of the US $ debasement

To put this into perspective, bitcoin price is ath against several fiat currencies, Argentina, Lebanon, Turkey, Venezuela, even though bitcoin price is more than 50% off its US $ ath price

The rate of US $ debasement is simply slower than the currencies mentioned above

https://twitter.com/x/status/1712837556792938678
 
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