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A comment on BadEconomics: Putting $400M of Bitcoin on your company balance sheet. Parent comment

Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by azernik on Monday January 04, 2021 @05:40PM (#25639280)
Is your argument in favor of bitcoin as an asset class is that its value doesn't skyrocket when stock and property values skyrocket?

(My assumption when you said "inflation" was a drop in purchasing power of a given asset, not a rise.)

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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by apta_ on Monday January 04, 2021 @10:57PM (#25641889)
> (My assumption when you said "inflation" was a drop in purchasing power of a given asset, not a rise.)

I was referring to the inflation of the US dollar. That's why property, stock, bitcoin, etc. went up.

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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by azernik on Tuesday January 05, 2021 @12:03PM (#25647629)
That would be a nice theory, but inflation in terms of producer and consumer goods is lower than in previous years (PPI inflation of 0.8% for the 12 months ending on 31 November, CPI inflation of 1.2% for the same period, compared to an average of more like 2% over the previous few years).
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