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October 10, 2022, 09:46:51 PM |
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Isnt the point that BTC has a set schedule and so its more certain then the unknown politically driven major currencies of the world. We've seen FIAT paper undermined by the policies of the last few decades to no good effect, the idea being destroying the currency base was less of a negative then allowing unemployment to happen or whatever negative event in the economic cycle would otherwise happen with higher debt and currency value.
Theres a hidden mine of volatility in currency now because of this false debt buying via QE that will collapse like a sinkhole; plainly volatility will spike making all major currencies will also collapse in their certainty.
Some think crypto will also be dragged down in this scenario and some believe we will find greater balance and ability to trade when transacted in Bitcoin, hence the value of BTC greatly rises by being completely predictable in its production vs demand.
Dollar or others continually throw out new money, growth via technology has underpinned some of that by its innate growth (most new money never physically exists hence bankers argue no inflation) but it might prove true that politics can only decline in its influence possibly banned from controlling national currencies. Some think gold, its not BTC which is the uncertainty its the human reaction part we cant know yet.
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