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by piva00
1694 days ago
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> For the last 75 years, the U.S. dollar has also been a reliable store of value. This is a result of its comparatively good management by the Federal Reserve and the strength, resilience, and reputation of the U.S. economy. In fact, it is the most widely held fiat currency in the world and recognized as the global reserve currency, denominating and settling the majority of international trade. Basically their whole schtick: "we believe that the US dollar has been amazing, now we found this new asset class we believe we can invest and earn money on, this is our marketing piece for why you should believe that too". They aren't "fighting the man", they are trying to convince others to jump onto the bandwagon which they are heavily invested in to make a profit. Not sure why you are still caught up on this ideological debate when Bitcoin has long ago left that camp of ideology and got absorbed into the pure financial-capitalist camp... Bitcoin now is to make money, not to fight the system. Fighting the system is just the marketing fluff being used to capture people like you. Good luck and godspeed. |
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I would also add that the Winklevoss Capital article actually reads like a self-serving plea to get third parties to validate their own investment, instead of a selfless heads-up.
The Winklevoss twins already have a few billion dollars worth of BTC, and in their opinion piece they are very clear in the way they argud that as BTC supply is restricted by design then any increase in demand ensures an increase in price. Consequently, the only thing they need to do to ensure that they get richer from BTC is to pump it up and sit on their early mover's ass.