I have a confession; If the price of bitcoin stayed at $6,400 for the next ten years, I would be fine with that. I realize this is an incredibly unrealistic outcome and not shared by most. I'm just saying that if 'all' bitcoin does is safely protect my money, I'm cool with that.pic.twitter.com/n9eq0tDJZX
-
-
What's the difference?
-
A currency is not a productive asset; it doesn’t represent ownership share of capital goods. Instead it value is tied to its utility as a store of value and medium of exchange.
-
A
#currency appreciates in value = "productive asset". Stock appreciates in value = "productive asset"... -
The stock is not a productive asset because it increased in value, but rather because it represents title to capital (machines, factories, 18 wheelers, etc) used in the production of more capital or consumer goods. Currency is zero sum.
-
The crux is that the
#stock is a "productive asset" notwithstanding, and currency is a "productive asset" too... -
There would be no money market to trade
#currencies for profit, or invest in#cryptocurrencies for instance, if there is no reasonable expectation of profit, or the overall currency value appreciation... The difference between stock & currency ain't a big tell. -
Explains why the US-SEC had to look into
#bitcoin &#Ethereum to decide whether they are#securities caught by the#US federal securities#laws...
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.