Listen what this Austrian Economics / Mises Institute author of a book titled Better Money: Gold, Fiat, Or Bitcoin? says here:
Gold has not served as money for quite some time. Money lost its link to gold around the middle of the last century (1942). Bretton Woods system replaced Gold standard.Bitcoin didn't have time to assume the role of “money” and turned into an “investment” asset. The share of bitcoin used as money is negligible and ridiculous. It is still very early to call bitcoin money (if such a thing ever happens).
Of these three “moneys” listed, only fiat is truly money.
Quote from: author of «Better Money: Gold, Fiat, Or Bitcoin?»
I don't see any reason to think that the price of Bitcoin is going to be predictably higher in the future.
🤦♂️[/quote]
I have reason to believe that the price of bitcoin will always differ unpredictably from the present one.
