Somewhere in the middle, I would say. It would be the former if the dollar didn't debase, and it would be the latter if all of Bitcoin's dollar-denominated price appreciation came from dollar debasement alone, which it does not.
Somewhere in the middle, I would say. It would be the former if the dollar didn't debase, and it would be the latter if all of Bitcoin's dollar-denominated price appreciation came from dollar debasement alone, which it does not.
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