Everything gets demonetized. Companies, houses, land, metals. Everything drops to it's utility value. Now, add all those premiums to Bitcoin and you start to understand. Index funds and everything will be absorbed. Why are you so bearish?
Discussion
I'm not bearish at all on bitcoin, I know bitcoin will absorb all the fiat money. I just didn't realise the fact that we will no longer hear the word "asset" in the same way, and that blew me away.
Indeed but it is not just absorbing fiat money. It is also absorbing all the monetised substitutes because fiat does not hold value. People hold art, Rolex watches etc. all these will drop significantly as they become demonetised. Bitcoin will absorb so much more than all the fiat money. And yes when money itself is the apex asset all other items become either liabilities or high risk speculation vs money itself there is no reward without significant risk.
Ok I didnt realised that, logic tho. Wish i could zap you but dont have my LN wallet yet, it's coming, eventually. Im taking note of this comment and will zap you in the future. 🤙
If you've ever played Minecraft come see us there. We need more players. Costs nothing extra to play. Bitcoin only. Based mods