Bitcoin makes the stock market irrelevant. Most people buy stocks purely as a SoV, practically none will outcompete bitcoin.
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This is a bad comparison IMO, apartments provide utility directly related to survival. The only utility a share in a company gives is SoV, of which bitcoin provides more.
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Shares of companies can produce dividends, i.e. income streams.
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Will these dividends provide an ROI that outpaces an investment in BTC?
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If BTC becomes global world money, BTC will grow 3-4% per year. If you personally think that a business founder is a chemistry genius and can create new medicines, you will still invest if you think the stock can outpace 3%+ annual return if the risk/reward looks attractive.
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What makes you think it will grow in purchasing power by 3-4% / year? Of course people will still risk their money on perceived profitable enterprises, but most of people’s wealth will not be in the stock market.
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same amount of BTC in existence, more and more food & clothes = 1 BTC buys more food & clothes
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Was asking about the 3-4% specifically. Why not 25-30%?
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Because world GDP grows at 3% per year
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nevertheless, I expect over-financialized, semi-SoV asset classes like real estate to leak value into BTC.
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I do too. But they won’t “go away” lol
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I agree it won’t go away, “irrelevant” was too click-baity. The stock market thrives on a system of credit, which is no longer the case with the return of sound money. Bitcoin’s sound monetary policy eats credit for breakfast.
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