Re:Why gold and Bitcoin are popular
by andrewmcwatters on Sunday June 13, 2021 @11:27PM
(#27498970)
> Then the total value of the currency should be equal to the total value of all the wealth in the world.
These people flat out don't understand how currency works. They don't understand where it comes from, how it's created, how it's destroyed, or what gives it intrinsic value.
He made that prediction when Bitcoin was worth a big 0. Back then if you told anyone that one day it would achieve prices of 63k$ per coin, they would have told you you're just crazy, yet here we are. Let's see where we are in 10-20 years from now.
1: https://twitter.com/DocumentingBTC/status/136350447853262438...