Will the 'bitcoin is just store of value, not money' people change their minds when CBDCs come or are they just stupid?
Discussion
Or when they realize that by definition the de facto store of value is money.
They’re called BitcoinBugs, and know they won’t change their minds because they only care about NGU
My .02:
Far more people in the world want US dollars than anything else, including Euros and Bitcoin. Euros and other currencies are not the global reserve. Bitcoin is far too volatile for poor people to spend with. So a rational way for this to play out is:
People immediately convert their local incomes into US Dollar stablecoins.
They then HODL a little bit long-term in Bitcoin, as they can afford to.
As they consume necessities, as-needed they convert some dollar stable coins into their local currencies, whether pesos or euros, and whether paper or digital forms.
Dollars are melting, too, but not as quickly as pesos, etc. Bitcoin protects purchasing power long-term but, in 2025, is still too volatile short-term to rely on for next month’s rent.
The above seems a logical strategy for global consumers to best address their failing currencies and rapid local inflation rates, and meet their current needs, all on their cell phones.
When cap gains taxes are removed.
No. The answer to CBDCs is not Bitcoin, but Monero.
Without fungibility you can not win against the confiscations that are coming.
I think they will slowly change their mind. In the next 10 years we will see a clear repositioning of ₿ from store of value to exchange currency 😉⚡️🧡
They aren’t stupid,
just retarded.