Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Winterfrost
on 27/09/2023, 11:00:18 UTC
Now that the world is seeing increasing levels of uncertainty, Bitcoin would be a possible contributor. As an asset Bitcoin has proven time and again that it rises more sharply when political and economic issues develop, which I think will bring more institutional investors into the domain to balance their portfolios. It's taking risks and leaps but that's the real investment in technique and the mechanics are individual for sure.
Arguing that Bitcoin is an inflation hedge is still not a valid argument.
Last time I checked there has been no argument that Bitcoin is an inflation hedge or not. Even if its the only cryptocurrency that people believe to fight against inflation doesn't doesn't mean its purchasing power against other currencies will no be weakened. Perhaps you misunderstood at some point what was discussed here. If you have been an early adopter of Bitcoin or should I say 6 years back you bought bitcoin then yes you can proudly say that it has been a hedge over inflation that has happened within this years, am sure that was when the theory that bitcoin can stand against inflation was popular.

Also, the Bitcoin whitepaper, since its creation, has never mentioned anything about it being an inflation hedge. It was designed to make peer-to-peer transactions faster, and it does its job perfectly. Therefore, there is no need for argument on this statement.