Becoming B on Nostr: Bitcoin is competing with the U.S. Dollar. The more dollars they print the better ...
Bitcoin is competing with the U.S. Dollar.
The more dollars they print the better Bitcoin does.
Why?
Because the Dollar becomes less valuable. That means it can't buy as much as it used to. If you hold it you become poorer.
People will sell their dollars for Bitcoin because it buys more than the dollar does.
That's why people buy gold.
Some predict Bitcoin will be worth more than Gold someday.
I think they are right.
Published at
2025-01-10 17:08:37Event JSON
{
"id": "d46c143a5d1d4888a09ed1157e8ab2574e6d67be355584c0791f3df960fbfeb8",
"pubkey": "e920bac647365bab2f37294c0d801a1c89f209ce0a7098d6163e7e9e432ed93e",
"created_at": 1736528917,
"kind": 1,
"tags": [
[
"imeta",
"url https://m.primal.net/Nalb.jpg",
"m image/jpeg",
"ox db8e398c3b8997b74ed0b96fe2bb4fc1c715e16d183ca755ea7addc4b5551cc5",
"dim 1080x1080"
]
],
"content": "Bitcoin is competing with the U.S. Dollar. \n\nThe more dollars they print the better Bitcoin does. \n\nWhy? \n\nBecause the Dollar becomes less valuable. That means it can't buy as much as it used to. If you hold it you become poorer. \n\nPeople will sell their dollars for Bitcoin because it buys more than the dollar does. \n\nThat's why people buy gold. \n\nSome predict Bitcoin will be worth more than Gold someday.\n\nI think they are right.\n\n\n\nhttps://m.primal.net/Nalb.jpg",
"sig": "261f8ccaa81daa8034b48501d7ea65f23c2fce1343736f48bbce6a772369fda411d8a6246700f1fde518149691aeecc4e8bd005a32c9e3dd8feef2141d0151e9"
}
