Bitcoin (BTC) $76,676.64 -0.54%
Ethereum (ETH) $2,124.82 0.26%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 84.935901 -0.10%
Dogecoin (DOGE) $0.10 -2.33%
Cardano (ADA) $0.25 0.26%
Chainlink (LINK) $9.62 1.19%
Litecoin (LTC) $54.24 0.33%
Dash (DASH) $42.90 5.86%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.831701 4.23%
X-Cash (XCASH) 7.0E-6 -0.84%

Cryptocurrencies: 28960

Markets: 114116

Market Cap: $2,557,594,794,866

24h Vol: $95,209,059,350

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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