Bitcoin isn't gold coins... it's the gold elementhttps://twitter.com/danheld/status/1097894882277056512 …
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Rational investors would indeed discount expected future inflation, which in central banker theology is in the 10's of % per decade & at infinity 100%. But most investors are still under the spell of the theology and thus not rational when it comes to investing in money itself.
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One more thing -
#Bitcoin works because People love to make money. -
FOMO only works when the market is going up, not when it is stable. And these people bring tremendous amounts of ignorance and central banker theology with them and often pretend to be experts. A mixed blessing at best.
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