> BTC will probably dominate in countries were currency value is routinely destroyed (developing nations, Russia, the US and Europe to some extent)
I’m not a fan of the current inflation in the US, but the idea that the US currency is being destroyed has been blown out of proportion online. People like to quote M1 money supply as if it’s the only measure of wealth, while ignoring that investors weren’t keeping investments in cash in the first place. Inflation drives up the value of assets, by definition.
I’m not a fan of the current inflation in the US, but the idea that the US currency is being destroyed has been blown out of proportion online. People like to quote M1 money supply as if it’s the only measure of wealth, while ignoring that investors weren’t keeping investments in cash in the first place. Inflation drives up the value of assets, by definition.