ECB Economists: Nocoiners May Be Impoverished by Rising Bitcoin Prices
A new paper by ECB economists describes a 'Bitcoin-positive' scenario as one in which the price of Bitcoin continues to rise significantly and sustainably over time.
"If the price of Bitcoin rises for good, the existence of Bitcoin impoverishes both non-holders and latecomers."
https://www.nobsbitcoin.com/ecb-economists-nocoiners-may-be-impoverished-by-rising-bitcoin-prices/
They're right, at least in the short term. It's the same as nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgppemhxue69uhkummn9ekx7mp0appv40 saying you can't shield yourself from the consequences of not holding the hardest money.
Their conclusion to fight it instead of adopting it is stupid though.
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