Post
Topic
Board Economics
Re: Out of Reach
by
mk4
on 28/12/2020, 16:47:39 UTC
My understanding was that the target for the minimum amount of Bitcoin which most
people wanted to own was/is 1BTC in our current bull market that target becomes
more out of reach for the people who most need it.

*snip*

We all like to see Bitcoin rise in value and increase in adoption but its pushing it away from
the people who need it and into the people who control large portions of wealth.

The thing though is, the 1 BTC thing is just a target of many people that likes to accumulate bitcoin. But if they really needed BTC? Like when you're from a country like Venezuela, I could guarantee that it wouldn't matter if you had 1 full BTC or not, what matters is that you hold an uncensorable and easy-to-transfer asset that isn't guaranteed to decrease in value on the daily.

As for bitcoin being more expensive, that's the reality of markets.