Damus
nostrich profile picture
nostrich
This question is probably insanely naïve, but nonetheless, I still have trouble understanding it and would like to learn.

If the USD is becoming more and more worthless and we shouldn’t care about it nor save in it, why does it necessarily even matter what #Bitcoin is priced in USD?

USD is being debased daily, BTC is only 21 million. What does it matter if it’s 60k or 300k? Is the only reason because we are legally required to do everything in USD? (e.g. taxes, salary, commerce). Meaning our assets go higher and that matters simply because we are still in the USD system?

#asknostr #grownostr
1
nostrich · 72w
The price literally means nothing , you’re right. The best way to look at it is - if you store your value in it at X price, then you get around 50% ARR on your investment on average. The price X is irrelevant. The guaranteed AAR is a product of the inflationary mechanism built into fiat- the same ...