Re:Bitcoin: Magic Internet Money
by alwillis on Wednesday January 13, 2021 @11:33PM
(#25772065)
What people don’t get—everything denominated in dollars is also inflated by dollars, meaning when the printing of trillions dollars stops, real estate, stocks, etc. will crash.
We’re well on the way to negative interest rates.
The primary reason for the rise of bitcoin’s price from the low in March 2020 to $37,000 and change tonight is because it’s being used to preserve wealth.
We’re well on the way to negative interest rates.
The primary reason for the rise of bitcoin’s price from the low in March 2020 to $37,000 and change tonight is because it’s being used to preserve wealth.