Bitcoiners bring up inflation as if our only two options for investment are cash under the mattress or buying Bitcoin.
I keep my investments in companies and assets like most other investors. The economic stimulus might devalue the <1% of USD cash I keep around for transactions, but my actual investments will likely benefit from the stimulus. As a bonus, I get to operate in an economy that has been buffered against the effects of COVID.
It’s amazing that Bitcoin proponents only ever want to talk about the USD (or other local currency) value of their Bitcoin, yet they want us to ignore the fact that Bitcoin isn’t the only option for investing cash.
I keep my investments in companies and assets like most other investors. The economic stimulus might devalue the <1% of USD cash I keep around for transactions, but my actual investments will likely benefit from the stimulus. As a bonus, I get to operate in an economy that has been buffered against the effects of COVID.
It’s amazing that Bitcoin proponents only ever want to talk about the USD (or other local currency) value of their Bitcoin, yet they want us to ignore the fact that Bitcoin isn’t the only option for investing cash.