ChurchOfCovid1984 on Nostr: #Cantillion Effect on #bitcoin. Cantillion said that "the closer you are to the newly ...
#Cantillion Effect on #bitcoin.
Cantillion said that "the closer you are to the newly created money, the less inflation you get on the price of goods and services which allows you to buy more and cheaper. By the time those goods & services reach the masses, the real end-user, they have been subjected to the inflation caused by the aquisition of those goods by the wealthy class.
So...if you bought #BTC at $60000 it is because there were "a few" who spotted the opportunity when it was $1000 and bought just to sell it further to you more expensive.
However, thee real #Cantillion Effect was when those who bought #bitcoin for less than $1 sold it for $1000 to those who thought they were "early adopters" of a new tech.
Now, who are those who "bought cheap" at $1/BTC ? Let's discuss!
Cantillion said that "the closer you are to the newly created money, the less inflation you get on the price of goods and services which allows you to buy more and cheaper. By the time those goods & services reach the masses, the real end-user, they have been subjected to the inflation caused by the aquisition of those goods by the wealthy class.
So...if you bought #BTC at $60000 it is because there were "a few" who spotted the opportunity when it was $1000 and bought just to sell it further to you more expensive.
However, thee real #Cantillion Effect was when those who bought #bitcoin for less than $1 sold it for $1000 to those who thought they were "early adopters" of a new tech.
Now, who are those who "bought cheap" at $1/BTC ? Let's discuss!