Anonymous #1 6w

Its fair value is its intrinsic value. The US government’s guarantee to repay the bond makes the valuable.

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Anonymous #1 6w

That falls apart when you look at what investors hope Bitcoin will be. They want it to be a safe-haven or hedge against inflation similar to gold and believe it’ll reach a similar market cap to gold. The federal government under Trump is actively purchasing crypto as a reserve which does help prop it up and stabilize it, but now you’re taking steps toward centralizing crypto currency. If you want an intrinsically valuable hedge to inflation, do gold or silver

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Anonymous #1 6w

Plus even if we progress to a point where gold is incredibly common (harvesting advancement or comet mining advancements), gold still holds technological value as the absolute best conductor. Gold always has a value bc of this.

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Anonymous #2 6w

sure they want it to be that, but it won’t. fundamentally crypto is a speculative scam. it has little use as a currency (unless you’re a cartel or pedophile), with most of its use being to hold and then sell to some poor suck buying at the wrong time. it’s entirely speculative. our economy is being destroyed by speculators

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Anonymous #3 6w

we’re agreeing here. my whole point was that no matter how you look at crypto there’s an insane drawback and you’d be better off simply holding PMs

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