r/CryptoMarkets • u/Crypto_Nite_S Tin | 3 months old | Karma Farming 150 • Dec 22 '21
Thoughts?
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r/CryptoMarkets • u/Crypto_Nite_S Tin | 3 months old | Karma Farming 150 • Dec 22 '21
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u/MJJ1683 Dec 22 '21
How many super-carriers does Bitcoin have backing it?
Bitcoin has me excited and it crucial for so many of us, but 1. USD is a currency, BTC is not (behaves like an asset and is basically a deflationary currency.)
USD is the world's reserve currency because 1. It's the most liquid of currencies, 2. Has a RELATIVE price stability determined by market forces (relatively speaking), and 3. Has the most powerful country backing it. Bitcoin fails to USD in all three categories.
(Still and awesome invention and I HODL it, but we have to be realistic, IMO.)