Interesting turn of events has been popping up all over my timeline today. Earlier in the day, i came across the news that tokenized stocks can now be traded through onchain, I decided to check Twitter for more information. Coincidentally, came across another interesting post about Pump.fun launching its own token with a public sale is ongoing on Bitget and Bybit, which users can use a minimum of $5 to participate. Who could have thought a Solana based launchpad that uses a bonding curve pricing mechanism would launch its token someday. Lastly, as of this moment BTC hits a new all-time high of $112000, who could have thought ? Hopefully, the bullish trend continues, are you catching up with the market trend or watching from the sidelines ?
no surprise about btc cause everything non $us dollar has gone up like crazy. btc still buys today what it did when it was 25k - that is reality. like red queen theory "running as fast as you can just to stay in place"
Really now Mark. Last time it was $25 thou was Sept 2023 or less than 2 years ago. So you're sayin' inflation for you went up more than 400% since? Better stop eating all your meals at five star joints in between eating bon bons at day spas when you are not jetting to-and-fro many exotic locales. Bet that is why you voted each time for "Fled" Cruz lol
I get your point about the effects of inflation on BTC purchasing power but you know BTC is less about short term purchasing power and more about long term store of value and adoption.
If that's what it is, it has failed horribly. The price has been all over the place with multiple huge crashes. https://newhedge.io/bitcoin/bitcoin-correlations https://newhedge.io/bitcoin/transactions-per-day Bitcoin looks more correlated to the SP500 than it's own adoption. It almost as if: Bitcoin's price is related the ability of people to leverage their other assets The price of those other assets are related to real economic activity and borrowing costs Therefore the price of Bitcoin cannot be reasonably expected to ever be stable