Global Feed Post Login
Replying to Avatar The Guy That Looked Into It

Hoarding wealth is only destructive (both for the person and the society) when doing it in fiat currencies, as it basically sponsors all the government destruction. When you hold value in Bitcoin you benefit all the other low time preference bitcoin holders by supporting the value of their savings. Obviously, I agree that you need to spend on necessities and set up your life in the first place. But when you compare Elon gov sponsored gimmicks vs BTC hoarding, the latter is way more beneficial overall.

Avatar
Jac 2y ago

Good point about supporting the value of BTC by holding it. I think you can effectively increase the value of BTC by using it.

Reply to this note

Please Login to reply.

Discussion

No replies yet.