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by hehehaha 1991 days ago
Why? Because BTC is such a stable currency that’s widely circulated and used in real economy?
2 comments
jason0597 1991 days ago
Because BTC can't be created out of thin air limitlessly, I'd say it's much more "stable" in that regard. The chart below shows how out of control the money supply has gotten in 2020. It's inevitable before this mass printing of money translates to big inflation in the economy.

https://fred.stlouisfed.org/series/M1

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netrus 1991 days ago
The amount of products I can buy for 1 USD was far more stable over the last year then the amount of products I get for one BTC. That's the kind of stability I am looking for in a currency as a consumer.
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hehehaha 1991 days ago
That’s not a good reason. BTC is deflationary which is to say it’s exactly the opposite of what you want in a currency.
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solarkraft 1991 days ago
It's the opposite of what a government wants in a currency. It's something a lot of people want for a secure store of wealth.
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solarkraft 1991 days ago
No, basically to get a sense for the possible inflation of the dollar.
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