Market Cap: $2,955,184,393,724
24h Vol: $109,928,671,810
Cryptocurrencies: 30085
Markets: 114430
Cryptocurrencies: 30085
Markets: 114430
Market Cap: $2,955,184,393,724     
24h Vol: $109,928,671,810
Seeking Alpha 2021-02-09 07:04:53

Thoughts On Bitcoin And Reflation Trades

Thoughts On Bitcoin And Reflation Trades
Bitcoin is not backed by anything and has no intrinsic value.It is not a means to pay taxes and bank debt which is what creates inherent demand for so-called fiat currencies.Recessions and high unemployment would be incurable because supply is fixed. There is no way to stimulate under a BTC standard.BTC does not own the blockchain technology, meaning there are no barriers to entry.A central bank digital reserve currency (USD replacement) would be more like an SDR or a weighted basket of fiat currencies, not BTC.
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