Post
Topic
Board Economics
Re: Crypto vs Fiat
by
Silberman
on 03/06/2021, 16:24:26 UTC


If you understand this picture, congratulations, if you don’t , then you don’t understand money , no matter how much you have in the bank.
#Bitcoin  is down 4% today. But next few months BTC could pump 400%.  Pump or dump, storing your money in crypto beats saving up in the bank.
The worst thing is that governments try to justify this by saying that even if the crash in their currency is massive over a long period of time the economy has roughly grown just as much which means that people are roughly earning as many inflated dollars as the people were earning dollars backed by gold but this is a false premise, the economy would have grown anyway as we would had all of those technological advances and they are trying to mix those two concepts to confuse people and make it seem as if they have been doing a good job when that is not the case.