Replying to Avatar hh

OK talking about hot takes, this is my hottest BTC take:

If you spend your BTC today, you're incurring in an egregious, irrationally HUGE cost of opportunity.

This, of course, if you truly share the community's commonly spread belief that BTC will in the not so distant future beat gold's mcap (1 BTC = $500k) and who knows what else in the long run.

Only if you have hundreds or thousands of BTC (i.e., you're a multi-millionaire) would this make any sense, an even then the math is still the math, and you might as well be lighting your cigars with $100 bills.

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clr 2y ago

If bitcoin is not accepted anywhere and nobody spends it, it won’t have any value.

I understand that it’s rational to spend fiat currency first, but my question is, why do people still hold fiat in the first place?

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