Dave ₿ 🧡 on Nostr: Measuring value with fiat currencies is like using a ruler that changes length ...
Measuring value with fiat currencies is like using a ruler that changes length frequently!
We often use dollars, euros, pounds, yen & co. as the "denominator" to measure value.
But these currencies fluctuate due to varying monetary and fiscal policies, making their true worth uncertain.
Imagine measuring something when the length of a centimeter keeps changing. How accurate would that measurement be?
Exactly! So, how can we accurately value Bitcoin using units that are constantly changing due to policy interventions?
Here's a simple test to see if someone truly understands Bitcoin: Pay attention to how much they focus on Bitcoin's fiat price at any given moment.
If you understand Bitcoin - how it works, its purpose, and its long-term potential - the last thing you worry about is its short-term market value in fiat terms!
Why? Because the market reflects the understanding of a broad mix of people, entities, and countries. Many of them don't fully grasp Bitcoin yet. As they learn, their valuation of Bitcoin will change.
If this resonates with you, let's discuss how we can better understand and leverage Bitcoin's potential.
We often use dollars, euros, pounds, yen & co. as the "denominator" to measure value.
But these currencies fluctuate due to varying monetary and fiscal policies, making their true worth uncertain.
Imagine measuring something when the length of a centimeter keeps changing. How accurate would that measurement be?
Exactly! So, how can we accurately value Bitcoin using units that are constantly changing due to policy interventions?
Here's a simple test to see if someone truly understands Bitcoin: Pay attention to how much they focus on Bitcoin's fiat price at any given moment.
If you understand Bitcoin - how it works, its purpose, and its long-term potential - the last thing you worry about is its short-term market value in fiat terms!
Why? Because the market reflects the understanding of a broad mix of people, entities, and countries. Many of them don't fully grasp Bitcoin yet. As they learn, their valuation of Bitcoin will change.
If this resonates with you, let's discuss how we can better understand and leverage Bitcoin's potential.