Bitcoin is about to die
(www.barrons.com)
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BS propaganda from liars
Well, all they have to do is turn off all exchanges to fiat conversion and it is game over.
Crypto/digital assets are only a thing because it can convert to fiat.
Arguments against?
Lets hope central banks never turn off conversions from fiat to gold so it'll be game over.
Not sure if serious?
Money's value used to be PINNED to value of gold.
Currency used to be a Gold Certificate. A Gold Certificate is a United States issued paper money bill that was fully redeemable in its face value of gold. This means back in the late 1800s and early 1900s you could bring a Gold Certificate to the bank and receive equal value in gold to the denomination.
The fiat currency now is not redeemable for gold. It takes more and more fiat to buy an ounce of gold. The fiat currency loses value every year.
Used to is the keyword here.