George23 on Nostr: There are only 2 certainties in life, death & dying fiat currencies...👇🏽 Please ...
There are only 2 certainties in life, death & dying fiat currencies...👇🏽
Please look at the photo below once again because most people tend to miss why it is displayed like that..
Because, most people tend to confuse "value" with "price" and forget about fundamentals when observing a monetary unit/asset. So, let's talk fundamentals & facts:
Fiat currencies:
- There have been 775 fiat currencies, only 180 are still in use
- They are 90+% debt based, easy to create & inflation is 100% certainty
- Unlimited supply: they all trend towards zero value eventually
Gold:
- Hard money, difficult to create but also difficult to "use as money"
- Every year +/- 2% new gold is added to total supply (so, 2% inflation globally)
- 187.000 metric tons already above ground, at least 57.000 still under
Bitcoin:
- Fully decentralized, secure & encrypted digital global monetary network
- Maximum supply of 21 Million (~ 19.5 M are already mined & in circulation)
- 2140 last Bitcoin will be mined (until that point, disinflation every 4 years)
So, people tell me: "Jiri”!! The price of BTC goes down for over 40-50% so it's useless as money and it's a Ponzi since it solely depends on others buying it from you". So fiat currency is better!!
Well, no. Bitcoin is a medium in which you can freely choose to store your wealth in and is structured in a way to become more valuable over time thanks to increasing digital scarcity that's embedded in the code.
It's not about price, it's about fundamentals.
Please look at the photo below once again because most people tend to miss why it is displayed like that..
Because, most people tend to confuse "value" with "price" and forget about fundamentals when observing a monetary unit/asset. So, let's talk fundamentals & facts:
Fiat currencies:
- There have been 775 fiat currencies, only 180 are still in use
- They are 90+% debt based, easy to create & inflation is 100% certainty
- Unlimited supply: they all trend towards zero value eventually
Gold:
- Hard money, difficult to create but also difficult to "use as money"
- Every year +/- 2% new gold is added to total supply (so, 2% inflation globally)
- 187.000 metric tons already above ground, at least 57.000 still under
Bitcoin:
- Fully decentralized, secure & encrypted digital global monetary network
- Maximum supply of 21 Million (~ 19.5 M are already mined & in circulation)
- 2140 last Bitcoin will be mined (until that point, disinflation every 4 years)
So, people tell me: "Jiri”!! The price of BTC goes down for over 40-50% so it's useless as money and it's a Ponzi since it solely depends on others buying it from you". So fiat currency is better!!
Well, no. Bitcoin is a medium in which you can freely choose to store your wealth in and is structured in a way to become more valuable over time thanks to increasing digital scarcity that's embedded in the code.
It's not about price, it's about fundamentals.