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by bruce511
498 days ago
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Billionaires hold very little legal tender. The term "Billionaire" refers to a person who has total assets over a billion. In most cases those assets are shares in some company (or companies). It's not like they have a billion in their sock drawer. By contrast, when at rest in my wallet, bitcoin is "dormant". It's not earning any interest and other not circulating in the economy. The only "growth" is capital growth. That growth is predicted on demand outstripping supply. Or on "bigger fools". When the fools run out you're left with tulips. |
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