⚡️🇪🇺 NEW - European Central Bank’s President Christine Lagarde says, "There is no underlying value” to Bitcoin
Meanwhile, the Euro has lost over 40% of its purchasing power in the last twenty years…
https://blossom.primal.net/eb150aa666d801a1716109a732d7364668e68868e1e355ca86c6770a3d21598e.mp4
No underlying value to criminal parasites who want to enrich themselves, and enslave humanity.
She's right that bitcoin has no intrinsic value, but then she conflates that with gold which also has no intrinsic value...
Gold has value because we choose to give it value. We naturally value something scarce and yes it shines and has very durable chemical properties, but this was discovered over time and it's value collectively increased as we learned about these properties as they were understood to unchange over time and so they could "hold their value".
Bitcoin has these same durable properties, but they are not chemical, they are mathematical. It does not shine, but it has a better property... It hides. It is virtual and cannot be taken by force.
If bitcoin has no intrinsic value, neither does gold.
The value comes from the unique monetary properties which make it perfect money which is the only commodity humans acquire not to consume
Yet over time it goes up in value. It is conceivable big investors may sell up to buy again on the way down but there will always be people that recognise the advantage to peer to peer interface. The economy of bitcoin is what fascinates me. I'm new to this. Utility is key.
En taule !!
The value of bitcoin is that losers like her and the others in the room have no say how I spend my bitcoin, or how it's created
Narrator: "But she was very scared."
This chick is the damn economic lighthouse of Europe!!
We’re royally fucked!!
