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Re: Flyhalf2 post# 61830

Monday, 01/02/2023 11:10:32 AM

Monday, January 02, 2023 11:10:32 AM

Post# of 63466
Fiat currency around the world is backed by guns and taxes. The point of my text is that nobody cares about bitcoin except as a means to get rich. If they cared they would invest in an asset backed crypto. They don't because an asset backed crypto would be tethered to a real asset and therefore could not go to the moon. Bitcoin is a creature of too much money in the system which now has changed. If the fed floods the market again they know they can expect unlimited inflation. Last year store of value bitcoin stored fully 25% of hodlers value. Impressive.
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