Bitcoin is not an investment vehicle for more dollars, Bitcoin is the dollar’s replacement.

If you ask someone who understands this, “What price would you sell at?”, for many that price is probably not in US dollars. Why sell better money for worse money.

Speaking for myself, I’m only selling my Bitcoin if it’s the only medium another will accept for something I need/want, or if I need to exchange it into another medium for something I need/want.

As Bitcoin continues to grow and fiat currencies continue to depreciate, this will accelerate Bitcoin’s function as a medium of exchange and this replacement process.

I think this process is faster than most people are forecasting. The more Bitcoin grows, the more people will realize that it’s better money. This will get to a tipping point, where people stop accepting the dollar and start accepting Bitcoin.

I think of it like a seesaw. Once Bitcoin gets enough momentum, it will hyper-accelerate its growth/adoption. On the other side of the seesaw, it will hyper-accelerate the devaluation of the dollar/fiat currencies.

#bitcoin #money