There are a lot of scams in crypto, but this is just overgeneralising. Crypto allows for a fully decentralised rules-based currency. Whether or not you think bitcoin perfects that ideal doesn't change the fact that that ideal does not appear to be possible outside of crypto. That means the potential value in the space, both for an investor and for humanity generally, is colossal.
Fiat is outcompeted by bitcoin since fiat simply fails to hold value over time due to corrupt monetary debasement. Gold is outcompeted since gold tends to inflate at 2% per year. All things that were previously considered financial assets are outcompeted by virtue of the fact that they are not "pure" financial assets. That is to say, part of gold's value is derived from the fact it's used for jewelry, microprocessors etc. i.e. if you want to use it for its monetary qualities, you have to pay the premium ascribed to the non-financial aspect of the good.
Fiat is just a (((scam))) from top to bottom.
Property and land needs maintenance, can be confiscated, can be heavily taxed. It is used as a financial asset only because investors perceive a lack of a suitable pure financial asset...it is likely that as people realise what bitcoin is, a lot of the monetary premiums currently sitting in land, gold and so on will be completely absorbed into a true financial asset. Then again I may be too bullish; this is a long way off. But to think there's no value here is simply to be missing something.
There are a lot of scams in crypto, but this is just overgeneralising. Crypto allows for a fully decentralised rules-based currency. Whether or not you think bitcoin perfects that ideal doesn't change the fact that that ideal does not appear to be possible outside of crypto. That means the potential value in the space, both for an investor and for humanity generally, is colossal.
Fiat is outcompeted by bitcoin since fiat simply fails to hold value over time due to corrupt monetary debasement. Gold is outcompeted since gold tends to inflate at 2% per year. All things that were previously considered financial assets are outcompeted by virtue of the fact that they are not "pure" financial assets. That is to say, part of gold's value is derived from the fact it's used for jewelry, microprocessors etc. i.e. if you want to use it for its monetary qualities, you have to pay the premium ascribed to the non-financial aspect of the good.
Fiat is just a (((scam))) from top to bottom.
Property and land needs maintenance, can be confiscated, can be heavily taxed. It is used as a financial asset only because investors perceive a lack of a suitable pure financial asset...it is likely that as people realise what bitcoin is, a lot of the monetary premiums currently sitting in land, gold and so on will be completely absorbed into a true financial asset. Then again I may be too bullish; this is a long way off. But to think there's no value here is simply to be missing something.
wow.
crypto.
much yes.
immutable ledger.
remove the banks.
BUT YOU AINT GONNA REMOVE THE COMPUTERS.
that is prob the only "store of value" of crypto.
and the fintechs/banks are SALIVATING over that fact.