Unlike central banks, Anyone who cares to can see exactly how many bitcoins are in existence at any time. There isn’t a dime’s worth of difference between one form of tender or another - it’s a container of value, and it is BASED SOLELY (in fiat currencies) on the TOTAL NUMBER of tokens of that tender in existence.
Cryptocurrencies are a threat because it prevents govenments from papering their way out of debt. This is precisely the world crime the US committed on the world after Bretton Woods.
There was a treasury secretary who once said, “It’s our Dollar, and your problem.”
When a Bitcoin changes in dollar denominated ‘value’, it isn’t because of fluctuations in Bitcoin, it’s because of the perceived exchange value of Bitcoin in dollars.
If you built a chart of the value of gold vs the value of bitcoin, you wouldn’t have near the fluctuations.
Well, I say that, but there amount of ‘paper gold’ vs the amount of actual gold is somewhere near 5X or more.
Bitcoin ISN’T the issue. The issue is dollar fluctuation as a result of debt.
Yup. Gold, silver, oil, in fact pretty much every commodity is selling for ten times what it did a year ago, just like bitcoin is. /s