You haven’t done the homework on the history of money if this is how you think. In particular, start with the 3 functions of money and study the order. You’ve put the cart before the horse. Good luck.
I generally agree, that as an investment Bitcoin is the safest, and least leaky. I think of Bitcoin as a market cap balloon and a very poor unit of account frankly, but it will eventually become a better unit of account if enough time passes by. XRP is a better unit of account, since it just seems to stay flat. I often use XRP or some other relatively stable crypto to trade the non-stable ones to reduce fees. Bitcoin has fees to high for most working class people looking to save small amounts. Using it as a unit of account in 2022, would be very different from today. Nor is it always a good hedge against inflation, because again, 2022. The way I look at it, is that it creates a nice safe investment that generates an opportunity cost against everything else, every four years. You can lose purchasing power with Bitcoin depending on when you bought it, especially if too many SBF types sink the balloon. It may be more useful to think of it as a bubble that happens every four years?
You haven’t done the homework on the history of money if this is how you think. In particular, start with the 3 functions of money and study the order. You’ve put the cart before the horse. Good luck.
I generally agree, that as an investment Bitcoin is the safest, and least leaky. I think of Bitcoin as a market cap balloon and a very poor unit of account frankly, but it will eventually become a better unit of account if enough time passes by. XRP is a better unit of account, since it just seems to stay flat. I often use XRP or some other relatively stable crypto to trade the non-stable ones to reduce fees. Bitcoin has fees to high for most working class people looking to save small amounts. Using it as a unit of account in 2022, would be very different from today. Nor is it always a good hedge against inflation, because again, 2022. The way I look at it, is that it creates a nice safe investment that generates an opportunity cost against everything else, every four years. You can lose purchasing power with Bitcoin depending on when you bought it, especially if too many SBF types sink the balloon. It may be more useful to think of it as a bubble that happens every four years?