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by skohan
1803 days ago
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For 1 USD = 0 EUR to become a reality, we would have to imagine a massive geopolitical shift has taken place. For 1 BTC = 0 USD, all you need is one government, which has been the victim or ransomware attacks, to regulate BTC out of existence. |
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Which is a possibility (the same way that 1 BTC = 0 USD is also a possibility; just a very unlikely possibility).
> For 1 BTC = 0 USD, all you need is one government, which has been the victim or ransomware attacks, to regulate BTC out of existence.
Unfortunately, reality proves you wrong. Here [0] is an example of one government regulating BTC out of existence (or trying to)... but I'm sure you can find others.
What's the price of BTC today? (hint: not zero)
I think there's not much point in continuing this discussion, since you seem pretty convinced that the ultimate value of BTC is zero (even though you admit that there probably are legitimate use-cases for such things). If you already pre-decided that it is the case (and you are totally within your right to speculate on the value of BTC), nothing I can say will change it.
Also, thanks for ignoring the rest of my point: What if I choose to get my returns in some asset that is pegged to USD (e.g. DAI, USDC), am I still speculating on the value of BTC?
[0] https://www.cnbc.com/2021/03/15/india-plans-cryptocurrency-b...