MachuPikacchu on Nostr: A phrase I often see online: “Bitcoin’s upside volatility will decrease over ...
A phrase I often see online: “Bitcoin’s upside volatility will decrease over time”
This is the opposite of what to expect.
Fiat currencies have to debase at an accelerating rate. Thinking Bitcoin will stabilize in USD/EUR/JPY/CNY/etc terms implies either those currencies stabilize or Bitcoin adoption declines.
For the existing crop of currencies to stabilize they’ll have to peg to Bitcoin somehow which might actually happen one day but then you’d still expect purchasing power to increase as technology improves economic efficiency and in any case that still implies a couple orders of magnitude more purchasing power from here.
Bet wisely.
This is the opposite of what to expect.
Fiat currencies have to debase at an accelerating rate. Thinking Bitcoin will stabilize in USD/EUR/JPY/CNY/etc terms implies either those currencies stabilize or Bitcoin adoption declines.
For the existing crop of currencies to stabilize they’ll have to peg to Bitcoin somehow which might actually happen one day but then you’d still expect purchasing power to increase as technology improves economic efficiency and in any case that still implies a couple orders of magnitude more purchasing power from here.
Bet wisely.