dontbelievethehype on Nostr: I think we will soon have an ideological war which asset will be actual money. There ...
I think we will soon have an ideological war which asset will be actual money. There can only be one money. All central banks have been piling into gold because it used to be money forever (fiat is not money, it's currency, the central banks themselves hold and trade the money)
Imagine the world learns Bitcoin is better money, and you are a country with a million or more of the 21m supply of all the money that will ever exist and you push this real hard (with your influence and your financial markets and your big military etc). If this succeeds gold will lose its monetary premium and everybody will fomo into the new, better money before the cake is fully distributed. It would require a world power to do this step. And it might be happening right before our eyes.
Imagine the world learns Bitcoin is better money, and you are a country with a million or more of the 21m supply of all the money that will ever exist and you push this real hard (with your influence and your financial markets and your big military etc). If this succeeds gold will lose its monetary premium and everybody will fomo into the new, better money before the cake is fully distributed. It would require a world power to do this step. And it might be happening right before our eyes.