Re:The endless search for a crypto use case
by Aunche on Tuesday August 02, 2022 @04:06PM
(#32323617)
My point is that there is no reason for the price of Bitcoin to inflate alongside actual commodities, which is validated by the fact that BTC fell while inflation rose. Gold similarly has a low correlation with inflation.
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Re:The endless search for a crypto use case
by silentsea90 on Tuesday August 02, 2022 @09:42PM
(#32326668)
In the short term, absolutely no asset class is immune to fed monetary policy ie interest rates, QE/QT. In the long run, fiat has only lost value relative to all hard assets (gold, RE, Bitcoin etc) I'm not sure how what you're saying is an indictment of Bitcoin or gold.