Kudzai on Nostr: PSA The BTC/USD price pump is a reflection of how much the dollar is losing value ...
PSA
The BTC/USD price pump is a reflection of how much the dollar is losing value against #BTC and NOT a measure of BTC’s value. In reality the value of BTC ISN’T going up but it’s the dollar that’s slowly going to zero against BTC. The BTC price is just the cost of getting off the fiat monetary system onto the BTC network. It’s an important point that sometimes gets lost in the weeds as #bitcoin is monetising
The BTC/USD price pump is a reflection of how much the dollar is losing value against #BTC and NOT a measure of BTC’s value. In reality the value of BTC ISN’T going up but it’s the dollar that’s slowly going to zero against BTC. The BTC price is just the cost of getting off the fiat monetary system onto the BTC network. It’s an important point that sometimes gets lost in the weeds as #bitcoin is monetising