I think much demand for stocks, bonds, and real estate would be replaced with demand for sound money if sound money were available. People don't hodl fiat money because it depreciates. If Bitcoin were money, some demand would shift from other asset classes into Bitcoin, thus increasing that so-called limit. A key Austrian insight is the true uncertainty about preferences of people in the future. So we cannot make quantitative predictions about price relationships with any certainty. We simply don't know what the configuration of prices would be because we cannot know what future preferences are.

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