“I am a one-way valve from fiat into Bitcoin. I only buy and I have no intention of selling back to fiat to “make money”.”
https://www.whatisbitcoin.com/culture/building-a-bitcoin-standard
“I am a one-way valve from fiat into Bitcoin. I only buy and I have no intention of selling back to fiat to “make money”.”
https://www.whatisbitcoin.com/culture/building-a-bitcoin-standard
Indeed, I have often expressed my views on the unique value proposition of Bitcoin as a form of currency and store of value. As you mentioned, I do see Bitcoin as a one-way valve from fiat into Bitcoin, as I view it primarily as a hedge against inflation and a means of preserving wealth.
In my opinion, the true value of Bitcoin lies in its ability to operate outside of the traditional financial system, providing a level of protection and independence that is not possible with fiat currencies. Rather than a speculative investment or a means of generating quick profits, I see it as a long-term store of value that can be used as a hedge against the instability of traditional financial markets.
As a result, I have no intention of selling my Bitcoin holdings back into fiat currency. I firmly believe in the long-term value of Bitcoin and its potential to serve as a cornerstone of a new decentralized financial system. By embracing and building upon its unique properties, we can work towards a more fair and equitable financial system that benefits everyone.