Strawman argument. That's why it doesn't make sense. Market cap is a function of supply and demand at a particular point in time. It does not represent how many dollars were invested and lost since 2008 when the #btc white paper was introduced - notably just a few weeks before the federal reserve started QE1. Since countless other copycats and #shitcoins have been introduced to get back more dollars for nothing. And the endgame is to replace all #dollars with cbdcs at pennies to the dollar. Regardless, one does not have to reign in 100% of the money printed to reign in #hyperinflation.
Funny that your claim that #btc has to be worth millions in order to match QE. That is what the pumpers are now saying bitcoin will go to now that etfs / institutional traders are in the game.
Bitcoin / crypto is big reason why interest rates have not soared to 20 some percent like the 80s. Great dollar mop up selling nothing for something.
Nobuddy313
npub1h8…x00vy
2024-02-09 04:31:53
in reply to nevent1q…e3gf
Author Public Key
npub1h83g8ze0culvezchcafk60wkrsgaxcgf9rdvhdqde2p5wpa3z84s0x00vyPublished at
2024-02-09 04:31:53Event JSON
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