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by eitland
4883 days ago
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The fact that there are fewer possible bitcoins than inhabitants on this planet should tell us that bitcoin should be a good investment at the current excange rate... ...given that bitcoin is still around when all blocks are exhausted, legal to most of the worlds population by then and not outcompeted by something better (better marketed?) by then. Warning: I am no economist, I still don't know what a fiat currency is although I might have an idea after reading this thread. |
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Fiat currencies are currencies whose demand is created by a legal system. The US Dollar, for example, has demand that is created by law: tax laws, bankruptcy laws, etc. Like anything else, the value of money is determined by supply and demand.