Now that we are all Bitcoin Maximalists, we need to take it to the next step and get rid of the confusion surrounding the monetary evolution of Bitcoin:pic.twitter.com/fwh8Ehsjw9
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No point in spending Bitcoin before it’s market cap is at least $10 Trillion (in today’s terms)
Then Bitcoin is just a pure Ponzi scheme.
No, it’s a monetary good undergoing monetization.
So is every unbacked derivative on the planet and they suck up more money than any currency.
derivatives are not money
can't take discussions any further when you subscribe to that dogma
its not dogma, currency is a monetary good while derivatives are a financial instrument. Bitcoin isn’t competing with derivatives, it’s competing with fiat, monetary metals and other SoV-like ‘low-risk’ instruments. If you equate derivs with BTC you’re making a big mistake.
There was a long transfer of wealth to Gold bullion as well till ETFs rekt real Gold. Same will happen to BTC. It will be rekt by ETFs if nobody wants to use BTC for anything other than speculation. BTC will have no utility benefit over ETFs. BTC needs utility or ETFs will win.
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