Strawman argument. That's why it doesn't make sense. Market cap is a function of ...

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npub1h83…00vy

2024-02-09 04:31:53

in reply to nevent1q…e3gf

Strawman argument. That's why it doesn't make sense. Market cap is a function of supply and demand at a particular point in time. It does not represent how many dollars were invested and lost since 2008 when the #btc white paper was introduced - notably just a few weeks before the federal reserve started QE1. Since countless other copycats and #shitcoins have been introduced to get back more dollars for nothing. And the endgame is to replace all #dollars with cbdcs at pennies to the dollar. Regardless, one does not have to reign in 100% of the money printed to reign in #hyperinflation.

Funny that your claim that #btc has to be worth millions in order to match QE. That is what the pumpers are now saying bitcoin will go to now that etfs / institutional traders are in the game.

Bitcoin / crypto is big reason why interest rates have not soared to 20 some percent like the 80s. Great dollar mop up selling nothing for something.

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2024-02-09 04:31:53

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