Why Nostr? What is Njump?
2024-10-04 08:41:27
in reply to

Silberengel on Nostr: If the Bitcoin price is an energy price, then why should it increase, as energy gets ...

If the Bitcoin price is an energy price, then why should it increase, as energy gets cheaper and energy consumption reduces?
If Bitcoin is an economic battery, then lower productivity in the overall market would cause less economic energy to flow into Bitcoin.
If Bitcoin is a commodity, that cannot be eaten, then hungry people will sell Bitcoin to buy food.
If people are unwinding their debt and the most-liquid asset they own is Bitcoin, then it's the first one they will sell.
If people were buying Bitcoin on credit or with government largess, and both of those are tapped-out, what will they purchase it with?
If Bitcoin is young-people's money and the population is aging, which young people are going to drive the price up?
If people are trying to avoid onerous taxes, and Bitcoin has a transparent ledger, why would they hide their wealth there?
If the Bitcoin supply is shrinking, but nominal disposable income and the overall economy is shrinking even faster, in real terms, then why should Bitcoin rise significantly in price?

I have questions.

Author Public Key
npub1l5sga6xg72phsz5422ykujprejwud075ggrr3z2hwyrfgr7eylqstegx9z