Re: Bitcoin *is* an inflation hedge in first place. Satoshi expressly made it so.
Nobody is arguing that
Actually, yes: There is a whole thread arguing against that. It is now 3 pages long, and it keeps generating responses—mostly mindless drivel, so that thoughtful responses get lost in the noise. I created this thread to compete with it.
They'd have to be corrected because somehow, it keeps me up all night if they are still misinformed. Do not delete it, I'm with you.
Regardless of what Satoshi said, it is clear that bitcoin is an inflation hedge and has been the best inflation hedge in the world since its inception. The ridiculous thing is to see people denying it because of the price drop from 69,000 to 17,000 USD that has coincided with a general downturn in the markets, like many previous downturns, but the fact is that whoever has bought and held bitcoin for at least one cycle has been better protected from inflation than if with the same money they had bought gold, stock market, etc.
Even if I hadn't said so explicitly, the cap limit and the halvings are anti-inflationary, no matter what the influencers say.
I am not citing Satoshi as an authority, but rather, to rebut the ridiculous misinformation that Bitcoin’s anti-inflationary policy was “an idea built by influencers and speculators in the last years.” That is wrong in fact. Not a matter of opinion.
Even if I hadn't said so explicitly, the cap limit and the halvings are anti-inflationary, no matter what the influencers say.
Which they need to wait for two cycles to feel safer from inflation. Regardless, it's true though in fact if I bought it in 2017 at $19K means I've already profited $4k if I haven't dumped it yet. Due to the limited supply of BTC, it's by far the best choice to go than gold.