Shouldn’t the “price “ of bitcoin be inversely proportional to fiat since bitcoin is the opposite of fiat.
#Bitcoin represents work, security, flexibility, independence, energy, integrity (purity), transparency.
(A bitcoin is worth a bitcoin…..yeah yeah I get that)
But we pragmatically assign a fiat equivalent value to it.
INFLATION IS DEVALUATION.
Turbulent news tends to cause a loss of confidence in the US dollar. So why don’t we see a natural increase in the value of bitcoin when the market dips or becomes uncertain? (Like a see saw - one side goes up while the other side goes down.)
I have my thoughts but I want to hear yours without my (perhaps ignorant) opinion skewing anyone else.
NunyaBidness (npub1vwy…zugd)
jackspirko (npub1587…kv0n)
