How is that evidenced by history except for some very isolated instances that lead to a fiat devaluation for very clear political reasons? It's like saying that all materialism on earth is doomed because it spoils. Sure if you give it a few 1000 years. No, the demise of fiat currencies is not predicated on history at all. You took a fair comparison completely out of context to try to make a point that is, however, not well evidenced by history.
%% Good points/IBD like$ hi priced stuff. BUT that goes for cash markets or early bull leverage. ANOTHER BIG problem for bit con/\ huge bid ask spread..................................................................................................
This is nonsense. Why didn't we all put our entire net liq into BTC/USD at $12? He sold it at the prevailing rate. End of story. He didn't swap one investment for another. Nobody considers (any) new car purchase an investment. You're looking at it the same as the housing buyer did in 2008.
Tesla is accepting bitcoin as a payment method but they may use a payment processor that automatically converts it to US $. I don't know if this is the case or if Tesla will actually keep the bitcoins as Overstock did. The important part of the news is that Tesla converted almost 10% of its cash reserves to bitcoin MSTR, Stone Ridge, Square, now Tesla and there are others who have done this. Microstrategy has completed a "Bitcoin for CEO's conference" on 2/3 - 2/4/2021 to open source this strategy and there was a high interest I wonder if AAPL will use part of their huge cash reserves and convert to bitcoin and how much? ICYMI, I started the video below on this topic.
TSLA is too large to ignore the FX risk. They'll pay the processor for taking that risk. They aren't going to allow BTC to be a driver of earnings. I see his 10% stake as a fundamental call, but I can't see him allowing it as a fiduciary--even knowing the guy is a schizo.
I don't disagree but how do you reconcile your bearish leaning with your public calls in Daal's thread for Nasdaq > 20k? If you are right, Nasdaq shouldn't even hit 15k. One of these 2 things don't match up.