Market Cap: $2,224,317,607,116
24h Vol: $67,162,063,458
Cryptocurrencies: 29460
Markets: 111496
Cryptocurrencies: 29460
Markets: 111496
Market Cap: $2,224,317,607,116     
24h Vol: $67,162,063,458
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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