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The asset prices are inflated because of money supply .. if currency is pegged to gold or BTC , the total market value of all assets combined will be around 64 Trillions ..
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They are not though. They are worth whatever dollar value they have now. And that will eventually move into coin.
Bitcoin has a huge deflationary aspect even if currency is not pegged to it ! ..
If you park your money in Bitcoin , you don't need investments in four houses .. and fifty stocks .. and gold .. so
And if currency gets pegged to hard monetary assets than the assets bubble will simply ..