Bitcoin makes the stock market irrelevant. Most people buy stocks purely as a SoV, practically none will outcompete bitcoin.
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Replying to @SGBarbour
This is like saying Bitcoin will make Apartment buildings die. It won’t :) Bitcoin’s target for the next 10 years is to “suck value” from 3rd world fiat and monetary metals.
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Replying to @MustStopMurad @SGBarbour
nevertheless, I expect over-financialized, semi-SoV asset classes like real estate to leak value into BTC.
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Replying to @BenHakes @SGBarbour
Also add to the fact that if BTC becomes global money, due to strict deflationary economics, it’s purchasing power will grow 3%+ per year. The entire idea of “risk-free” will have to change.
11:43 AM - 1 May 2018
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