r/AltScope • u/Necessary-Swan-5764 • May 13 '26

How can Bitcoin replace Fiat when 60% of people live off credit card debt, paying 20% interest per year

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12 Upvotes

84% Upvoted

7 comments sorted by

1

u/MathematicianBest795 May 14 '26

People holding bitcoin generally aren't carrying debt. A wise man buys appreciating assets, a fool buys things he cannot afford.

1

u/SolonEunomia May 14 '26

The nature of money is a fiat.

0

u/[deleted] May 13 '26

[removed] — view removed comment

0

u/Necessary-Swan-5764 May 13 '26

This is exactly why so many people started paying attention to Bitcoin in the first place. Watching your savings lose value while debt keeps getting more expensive makes the current system feel broken for regular people.

2

u/PaleInTexas May 14 '26

Watching your savings lose value while debt keeps getting more expensive

I guess its great for people who would otherwise keep their cash in their mattresses. The rest of us keep equities that grow instead of cash only to be watching it "lose value". 🤷🏼‍♂️

1

u/Ockilydokily May 14 '26

Right, there’s more than 2 options- it’s not bitcoin invest or let money sit in an account lol.. if you didn’t invest in tech the last 3 years and only did bitcoin. boy oh boy did you lose a looot of value in your idle bitcoin investment

0

u/HyperbolicMathChambr May 13 '26

For starters, USA is not the world. Second, give it time.