Bitcoin makes the stock market irrelevant. Most people buy stocks purely as a SoV, practically none will outcompete bitcoin.
Because at equilibrium, if BTC is global money then it’s purchasing power will grow at the rate of world economic growth
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True. But, are you accounting for the loss of private keys? Hodlers die and forget to pass them on, the supply is effectively diminished and time preference for those keys is effectively 0.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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