AVERAGE_GARY on Nostr: Even if your currency goes to zero against bitcoin. The likelihood of bitcoin going ...
Even if your currency goes to zero against bitcoin. The likelihood of bitcoin going to zero against all other currencies is extremely low. This means it can act as safe haven for those in countries with failing currencies. The Western developed world is only beginning to see their currency fall against USD, although many developing nations have seen this scenario many times. In time, USD will fall against the dollar. With BRIC nations moving to gold reserves, perhaps there will be two competing reserves for the world as BRIC gains strength against USD. Even with a gold standard, those nations that adopt a Bitcoin standard will surpass them as cost to move, validate, and secure value across time and space will be infinitesimal compared to gold standards.
Published at
2022-12-25 05:15:58Event JSON
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"pubkey": "d3d74124ddfb5bdc61b8f18d17c3335bbb4f8c71182a35ee27314a49a4eb7b1d",
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"tags": [],
"content": "Even if your currency goes to zero against bitcoin. The likelihood of bitcoin going to zero against all other currencies is extremely low. This means it can act as safe haven for those in countries with failing currencies. The Western developed world is only beginning to see their currency fall against USD, although many developing nations have seen this scenario many times. In time, USD will fall against the dollar. With BRIC nations moving to gold reserves, perhaps there will be two competing reserves for the world as BRIC gains strength against USD. Even with a gold standard, those nations that adopt a Bitcoin standard will surpass them as cost to move, validate, and secure value across time and space will be infinitesimal compared to gold standards.",
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}
