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by forty
1955 days ago
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My understanding is that because people have mortgages in dollar (or other useful money), you can be pretty confident that many people are going to be motivated enough to get some dollar (they have to pay their mortgage with it) On the other hand, no one is going to be in a difficult situation if they cannot get bitcoin. |
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However, the idea is that between 1971 (the closing of the gold window), and now, USD and all fiat currencies lost 99% of their value. The same is not true for Bitcoin on a similar time frame (i.e. 30+ years).