kane on Nostr: #Bitcoin will be much better off as a money rather than a currency bc currencies have ...
#Bitcoin will be much better off as a money rather than a currency bc currencies have shortened lives and only erode in value.
Among all the difficult assumptions, we more can easily look at the market cap’s of our current monies and some currencies to project a value for Bitcoin.
Because, Bitcoin as a money should eat a portion of each market cap over time.
In a best case it takes 5-10yrs. In a worst case it takes 30 years. One thing is for sure, it takes time and usually takes longer than expected for a new money to be introduced and fully adopted i.e. where sensible use case are seen by most.
https://open.substack.com/pub/kanemcgukin/p/money-vs-currency?r=99ex&utm_campaign=post&utm_medium=web
Among all the difficult assumptions, we more can easily look at the market cap’s of our current monies and some currencies to project a value for Bitcoin.
Because, Bitcoin as a money should eat a portion of each market cap over time.
In a best case it takes 5-10yrs. In a worst case it takes 30 years. One thing is for sure, it takes time and usually takes longer than expected for a new money to be introduced and fully adopted i.e. where sensible use case are seen by most.
https://open.substack.com/pub/kanemcgukin/p/money-vs-currency?r=99ex&utm_campaign=post&utm_medium=web