Agreed. Bitcoin will go up because it is scarce. The Bitcoin crowd sounds like ‘old man yelling at cloud’/the gold crowd when they talk hyper inflation. Monetary policy is bad. The debt is really bad, but I think people underestimate how far they can take this.
Discussion
I never said hyperinflation is near or that the US will switch to Bitcoin.
My point is that the US is in debt spiral already, which leads to more deficit spending and more QE. #Bitcoin protects you against this kind of devaluation.
