and get taxed on it? fuck no. might as well hold fiat.
and no, the price won't "settle down". unless the US decides to burn their $, that won't happen.
btc supply: 21m
$ supply: infinity
no need to be an economist to understand that
You
will pay taxes anyway or end up in jail.
Even if you never trade to FIAT, they will still catch you.
You buy a car - they will want to know the source of funds, etc.
As for the price, you're in for surprise. It's not that simple and you actually have to be economist to understand it.
everyone will still choose Bitcoin for their investment
Not everyone uses gold for investment, why you think Bitcoin will be better than gold in this respect ?
The current Bitcoin price is very immune to inflation and is also unlikely to go to zero again.
It is still a
very volatile asset and going below what's needed to secure the network by miners is what I would consider zero.
The cost to mine only increases with time due to energy costs, regulations attacking Bitcoin miners and dropping reward with not enough transaction fees to replace it.
If miners start dropping the difficulty will adjust but the security of the network will be in danger.
In other words, Bitcoin has become a safe haven for rich people to protect their money from a possible decline in value
In the older days, "safe haven" was not as much referring to price but to being hidden from the eyes of government because there is always a risk of unlawful seizures.
For that matter I wouldn't call Bitcoin a safe haven, as we have seen with recent examples - Bitcoin can be seized, by marking them and the government can easily trace it.
You use this marked coins and you end up in jail.
Because of that, I wouldn't feel safe at all having my money on transparent blockchain.