Re:Digital Money Across Borders: Macro-Financial Implications
by seibelj on Friday October 23, 2020 @08:57AM
(#24868968)
It becomes an asset that eats dollars. Print more dollars and BTC goes up. Just like gold sits in vaults, Bitcoin can sit in cold storage.
BTC is also something that individuals can buy in extremely small increments. It is an escape valve for people in Argentina, Turkey, Venezuela, etc. to protect their wealth from horrible and corrupt central bankers.
BTC is also something that individuals can buy in extremely small increments. It is an escape valve for people in Argentina, Turkey, Venezuela, etc. to protect their wealth from horrible and corrupt central bankers.