KHOPEbtc on Nostr: Btc has been proven to be a store of value first and foremost, secondly a medium of ...
Btc has been proven to be a store of value first and foremost, secondly a medium of exchange, & thirdly a unit of account. All these instances of bitcoins utility have been documented and verified by the global network of users. Max Keiser said in his latest max and Stacey report podcast that Bitcoin is a 100 trillion dollar asset if looked at as a store of value whilst it's only a 1 trillion dollar asset is viewed solely as a medium of exchange. So in reality it's a 401 trillion dollar asset if viewed at both a store of value and medium of exchange. I save in bitcoin and don't use it as a medium of exchange. But in 20 years when it's a million dollars per coin how can I find a way to use bitcoin for purchases goods and services? Obviously I would like to use bitcoin to buy things in the future when it's worth more but I will never sell all of it because it's the best SOV. Also we won't denominate bitcoin with dollars in the future once the dollar loses its global reserve currency status, so what will replace dollars as the denominator?
Published at
2024-03-17 15:15:09Event JSON
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"content": "Btc has been proven to be a store of value first and foremost, secondly a medium of exchange, \u0026 thirdly a unit of account. All these instances of bitcoins utility have been documented and verified by the global network of users. Max Keiser said in his latest max and Stacey report podcast that Bitcoin is a 100 trillion dollar asset if looked at as a store of value whilst it's only a 1 trillion dollar asset is viewed solely as a medium of exchange. So in reality it's a 401 trillion dollar asset if viewed at both a store of value and medium of exchange. I save in bitcoin and don't use it as a medium of exchange. But in 20 years when it's a million dollars per coin how can I find a way to use bitcoin for purchases goods and services? Obviously I would like to use bitcoin to buy things in the future when it's worth more but I will never sell all of it because it's the best SOV. Also we won't denominate bitcoin with dollars in the future once the dollar loses its global reserve currency status, so what will replace dollars as the denominator?",
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