Why is everything priced in #bitcoin? It's becoming the Earth's unit of account! But beware, hoarding wealth in #NVIDIA might not be wise as costs trend towards production costs. Thoughts? #USDollar #Economics #Investing . https://youtu.be/rPhjihK6qAg
Discussion
Hoarding wealth in stocks, bonds, or anything that has decreasing production costs seems like a tenuous proposition compared to bitcoin. Bitcoin’s production costs seem likely to increase forever as exchangeability with fiat #MoE results in it storing more value #SoV thereby increasing demand for mined coins (i.e., increasing hashrate) requiring more cost inputs like electricity to mine.