Bitcoin makes the stock market irrelevant. Most people buy stocks purely as a SoV, practically none will outcompete bitcoin.
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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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See other comment regarding loss of private keys.
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Loss of private keys will decay as people learn and security infrastructure improves. When your life is on the line, people will learn to keep them safe(r)
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True but there will always be some amount of lost keys, which will probably significantly affect purchasing power.
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Here’s a question (don’t answer it), have you sold any stocks to buy bitcoin? I’m guessing a hell of a lot of people have, and will continue to.
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