The value of everything is literally determined by supply (scarcity) and demand.
You could apply the same logic to gold. But you’ll then argue that gold has industrial applications, which is also true for btc. Bitcoin, a decentralized, peer to peer ledger, is quite literally the best solution for ending the DS central banking system. They’ll try a rugpull by trying to displace btc with CBDCs, but ultimately NCSWIC.
BRICS
Btc backed by gold.
Btc doesn’t need to be backed by gold. Scarcity is built into the protocol.
And it gets even scarcer when the power is out or we get an EMP. Gold and silver don't have those problems.
We are rapidly approaching a magnetic flip which will have our solar shields down as we go through 23'-25' solar cycle maximum.
Oh not this shit again
It‘s called math. And yeah, again.
Beginning In 2025 Central banks will be allowed to have up to 2% of their reserves in Crypto. Discussed here https://youtu.be/zLCv5fT7QlA
The no-coiners word for Bitcoin facts?
At least you're backing the MSM / central banker's POV. I wonder if maybe your alarm bells are defective, as well as your etiquette.
Scarcity isn't worth shit if nobody wants them
The value of everything is literally determined by supply (scarcity) and demand.
You could apply the same logic to gold. But you’ll then argue that gold has industrial applications, which is also true for btc. Bitcoin, a decentralized, peer to peer ledger, is quite literally the best solution for ending the DS central banking system. They’ll try a rugpull by trying to displace btc with CBDCs, but ultimately NCSWIC.
It doesn’t. But it’s always good to have a sovereign nation making a currency redemption in solid asset.
It gives an air of legitimacy to the holdouts.
Buffet and munger can’t say btc isn’t backed by anything as a sleight.