Economic Front on Nostr: Well said lol nostr:note12fsmhsqgxejea9gphx74qacj994ny8dm9ktem5sm3nzg4azearfs6kk493

Well said lol

quoting note12fs…k493

A guy sends me a polite email, and says in a couple paragraphs that 1) he doesn't really see any role for bitcoin in a portfolio, it has no intrinsic value, and it just trades on sentiment and also that 2) it threatens USD hegemony and so politicians are likely going to add friction to it.

So I'm like, well, if there's nothing particularly valuable about it to give it any value or consideration for a portfolio, why does it threaten USD hegemony? Like, it threatens the largest and most globally salable monetary network in the world while having no intrinsic value, no portfolio role, while just being a thing that trades on sentiment?

¯\_(ツ)_/¯