Fidelity Bitcoin Criticisms Paper

Discussion in 'Crypto Assets' started by GlobalMacro90, Nov 6, 2023.

  1. OK, I am finally convinced. I will sell all my crypto and put it in US Treasuries that has aircraft carriers to protect it. Oh wait, there is not a limited supply of dollars is there. They do print more every day. And, there is that debt problem, how many trillion a year do we borrow and add to the debt now? And, I just read that the US now pays one trillion a year just in interest which is all borrowed. Great Business model huh? Then there is that pesky inflation problem. What is that dollar worth now that my parents put had under my mattress when I was born. Just guessing now but I imagine it is worth less than the than the dollar they put in BTC in 2010, or 2015, or 2020, or 2022.

    Hey, the crypto exchanges are open right now, I need to go get me some more dollars before they totally inflate away.
     
    #21     Nov 11, 2023
  2. Not so fast!

    You are forgetting that the US dollar is also backed by the FULL FAITH (and credit) of the American people. :D

    Similar to every other failed religion throughout history...
     
    #22     Nov 11, 2023