what does the world look like with a dedicated asset for all capital appreciation? you make better stuff for cheaper while the global money keeps going up in value for your effort
it’s simply more efficient to have something that does one thing best - appreciate
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the argument that you won’t spend bitcoin because it’s so precious does not make sense. of course you’ll spend it, especially if it’s all the money you have. before that you’ll sell your fiat and stuff to buy BTC
Currently, Bitcoin is treated like an asset, to be acquired and hoarded. But when all the coins have been mined, the dynamic will shift as transactions become the focus of the network. At that point, its use as a currency will overtake its use as an asset
