Post
Topic
Board Bitcoin Discussion
Re: How the Bitcoin ETF could actually tank Bitcoin's market value
by
Seal
on 26/01/2024, 07:10:32 UTC
What happens, in short, when Bitcoin ventures outside of its tight community of enthusiastic anarcho-libertarians--who desperately want Bitcoin to succeed for geopolitical reasons--and it is instead evaluated, coldly, like any other investment by people who don't have that political agenda?

I like the challenge of a contrarian debate. Consider this, Bitcoin naturally acts as a hedge against existing currencies and asset classes. As centralised currency systems rise and fall (periods of recessions) which economists agree happens in 8-12 year cycles, hedges become important. Protecting against a loss in financial value is not a view thats constrained to a group of as you put 'enthusiastic anarcho-libertarians', its a bi-partisan or nonpartisan (universal) desire that is not constrained by geographical boundaries.

In this scenario, the outcome is universally bullish for Bitcoin as an alternative asset class.