Re:Bitcoin surpasses $50K as major companies jump into crypto
by ac29 on Tuesday February 16, 2021 @09:45PM
(#26162040)
Hedging against what? There are plenty of ways to hedge against inflation risk or currency risk without buying into an asset that can lose 50% or more of its value very quickly (and has, a number of times).
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Re:Bitcoin surpasses $50K as major companies jump into crypto
by VoiceOfWisdom on Tuesday February 16, 2021 @11:00PM
(#26162504)
How would you suggest hedging against the death of fiat currency without buying a non fiat currency?
Re:Bitcoin surpasses $50K as major companies jump into crypto
by phs318u on Tuesday February 16, 2021 @11:43PM
(#26162784)
Maybe it's just me, but if we truly see the (global) death of fiat currency, the inability of Elon Musk to sell a Tesla is gonna be among the very least of anyone's problems.
Re:Bitcoin surpasses $50K as major companies jump into crypto
by solveit on Wednesday February 17, 2021 @12:04AM
(#26162923)
In general yes, but I think Musk's inability to sell Teslas is going to be a major problem for the particular person deciding whether Tesla buys BTC or not.
Re:Bitcoin surpasses $50K as major companies jump into crypto
by JumpCrisscross on Tuesday February 16, 2021 @11:02PM
(#26162521)
> How would you suggest hedging against the death of fiat currency without buying a non fiat currency?
We’re aware there are non-U.S. dollar currencies out there? And non-currency assets one can buy?
Re:Bitcoin surpasses $50K as major companies jump into crypto
by imtringued on Wednesday February 17, 2021 @04:07AM
(#26164312)
Nigera is suffering from high inflation and their problem is that they aren't mechanizing their agriculture sector. The end result is that they import a lot of food and fail to export their cash crops. If the government borrowed/printed money and used it to grow the agriculture sector they could actually stave off inflation despite increasing the money supply.