On January 5, 2023, Italian economist Fabio Panetta said the following:
“Unbacked cryptos lack any intrinsic value, too. They are speculative assets. Investors buy them with the sole objective of selling them on at a higher price. In fact, they are a gamble disguised as an investment asset.”
In my view, the exact opposite is true with regards to #Bitcoin once you understand what it really is. It is the hardest asset to ever exist disguised as a gamble because the vast majority of people are entrenched in the current system. How can we not be? No one alive today knows anything other than the fiat system. People born when the Federal Reserve was created are nearly 90 years old today.
More and more people are learning about Bitcoin and as they learn more, their goal is to accumulate it, store it, and only spend it in efforts to promote a circular economy.
That’s the magical effect of learning about bitcoin. Even if you begin with a speculative mindset, you can’t remain that way if you stay curious and keep digging.
Boniq / ₿oniq
npub13g…zcv3h
2023-02-15 14:02:02
Author Public Key
npub13gt4kk5dm3v5jh6r6efd0r9mk4kvvechk8gzne4ttear0vrakx3q8zcv3hPublished at
2023-02-15 14:02:02Event JSON
{
"id": "6ce96a674637dc4b2ca561a27e6152bc13e814a1c6120c6f40dc18dabd77a71b",
"pubkey": "8a175b5a8ddc59495f43d652d78cbbb56cc66717b1d029e6ab5e7a37b07db1a2",
"created_at": 1676469722,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
]
],
"content": "On January 5, 2023, Italian economist Fabio Panetta said the following:\n\n“Unbacked cryptos lack any intrinsic value, too. They are speculative assets. Investors buy them with the sole objective of selling them on at a higher price. In fact, they are a gamble disguised as an investment asset.”\n\nIn my view, the exact opposite is true with regards to #Bitcoin once you understand what it really is. It is the hardest asset to ever exist disguised as a gamble because the vast majority of people are entrenched in the current system. How can we not be? No one alive today knows anything other than the fiat system. People born when the Federal Reserve was created are nearly 90 years old today.\n\nMore and more people are learning about Bitcoin and as they learn more, their goal is to accumulate it, store it, and only spend it in efforts to promote a circular economy. \n\nThat’s the magical effect of learning about bitcoin. Even if you begin with a speculative mindset, you can’t remain that way if you stay curious and keep digging.",
"sig": "87fec2312ca9b2f6c1901ec681e82b37ce0cfc66c5af99d8908b4e910913cd4e239f4b151d618d4373e9e7890e3807744b4716a48389417dcbad07e754e5dc94"
}