> I want Bitcoin because I’m tired of my wealth being stolen through inflation.
I actually heard this many times but never understood the math behind this statement. Today is the day I dare asking. Do you mind explaining me like I'm 5 years old?
When the fed prints money they debase the currency. Debasement reduces the purchasing power of the existing currency in supply. This means the dollars I traded my time and energy for can purchase less. Bitcoin does not have this problem.
Thankfully bitcoin is less susceptible to the FED printing press and more to the whims of what someone like Musk is doing on the social media platform he just bought. ¯\_(ツ)_/¯
Your argument makes no sense.
I actually heard this many times but never understood the math behind this statement. Today is the day I dare asking. Do you mind explaining me like I'm 5 years old?