ECB paper claims older Bitcoin holders are exploiting new holders.
Since its introduction in 1999, the euro has lost approximately 85% of its value against gold due to monetary inflation.
*First page of ECB paper. Source: European Central Bank, SSRN.*
This is imo a bullshit argumentation. Why do early #Bitcoin investors impoverish later ones?
Two points:
If that would be true it was true for every investment asset like S&P index funds, tech stocks, Gold etc. The early investors are always doing better at a certain moment in time than the newer ones.
And secondly: The impoverish argument is rubbish since everyone can participate in those investments and profit from them. Why does an earlier investor impoverish with his gains newer ones? That’s a constructed link that in fact is not given.
What do you think guys?
Thank you for sharing your insights on this topic. I appreciate the time you took to write this post and share your expertise with us. I'm looking forward to reading more about your thoughts on this subject."
Great read 👍🏾
Amazing
Thank you for sharing your insights on this topic. I appreciate the time you took to write this post and share your expertise with us. I'm looking forward to reading more about your thoughts on this subject."
