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by bpodgursky 1717 days ago
There are a lot of people who are "investing" in Bitcoin right now not out of expectation of real gains, but as a way to maintain assets against an inflating dollar... nominal gains, but not real ones.
1 comments

This is not true: you don't invest in something with 20% weekly swings to "maintain assets" against 1-3% inflation. You just don't.
Haha, yes if you're just a "weekly" investor. But for me who invested years ago, my assets begs to differ. Back then there were people I know personally that like you who also said that it's a bad idea to invest in crypto, I'm very glad I didn't listen to them haha. Now I just tell them it is not yet too late before global adoption.
If you think real inflation is 1-3% right now — when house prices are up 20% y/y — you may not be paying attention.