Re:Bitcoin surpasses $50K as major companies jump into crypto
by judge2020 on Tuesday February 16, 2021 @09:42PM
(#26162026)
> You could buy index funds or government bonds or any number of other things, and the price will be less volatile than Bitcoin to boot.
That's not trust, that's security in the value of your money. BTC can never be taken from you unless someone either breaks crypto or steals your wallet secret key. The U.S. dollar is backed by the federal reserve, so while I don't think the U.S. is going to have a revolution that destroys or inflates the dollar anytime soon, there's a possibility of such a thing happening. BTC has an actual limited amount that can be distributed (like gold) so it'll always have value.
That's not trust, that's security in the value of your money. BTC can never be taken from you unless someone either breaks crypto or steals your wallet secret key. The U.S. dollar is backed by the federal reserve, so while I don't think the U.S. is going to have a revolution that destroys or inflates the dollar anytime soon, there's a possibility of such a thing happening. BTC has an actual limited amount that can be distributed (like gold) so it'll always have value.