“Hoarding BTC is as productive as investing because I’m going to invest later” 
Is that really an argument?? @pthttps://twitter.com/bitstein/status/1062378950297636865 …
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Can't they still get their cut via Q-Easing if you're in cash?
Only if it generates inflation from which they can generate seignorage or Cantillon effects. But due to efficient global currency etc. markets they are having problems doing that, thus the negative nominal (not just real) interest rates in Europe and Japan.
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Asset price inflation seems pretty prevalent. Would you say there is an opportunity cost in holding cash since everything else is going up?
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"Past results are no guarantee of future performance." Fiat deflation, though uncommon recently, is still possible. Furthermore, many poor people have no choice, cash is the only liquid asset they have.
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