Replying to Avatar ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ

it's so obvious that bitcoin is a liquidity (aka printer going brrr) counter trade, also known as "saving your purchasing power" and unlike gold, which has one papered over exchange setting most of the price (comex) bitcoin has a swarm of competing exchanges and so its reactions to the increasing supply of fiat are swift, under 4 years typically

everything that makes gold a good asset for savings applies equally to bitcoin, except that it's far more convenient to exchange and hasn't got a monopoly fake exchange running it on fractional reserve

yes, some exchanges are doing fractional reserving but they can't get away with as wide spreads because of the much greater liquidity of the "physical" market

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XeqT Monetary Freedom (∞/21M) + (₿+⚡) = 🧡 1y ago

🎯

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