While I’ve been watching it, it seems like the narrative of value has rotated between:
- BTC will be a global currency (this has only proven true for illicit activity)
- BTC will be a hedge against inflation like gold (this has also not been correct recently)
- BTC is a store of value??? Which is just circular reasoning… you should buy it because other people are buying it
Idk man, what do I know
While I’ve been watching it, it seems like the narrative of value has rotated between:
- BTC will be a global currency (this has only proven true for illicit activity)
- BTC will be a hedge against inflation like gold (this has also not been correct recently)
- BTC is a store of value??? Which is just circular reasoning… you should buy it because other people are buying it
Idk man, what do I know