muju on Nostr: The key idea here is that #Bitcoin and its finite supply of 21 million coins ...
The key idea here is that #Bitcoin and its finite supply of 21 million coins represents a paradigm shift from fiat currencies issued by central governments with unlimited supply and the discretion to print as much money as they wish. All major fiat currencies throughout history have eventually failed due to inflation and loss of purchasing power.
Bitcoin's scarcity and immutable design offers a promising alternative. With only 21 million Bitcoins that will ever be produced, its value cannot be diluted into oblivion through reckless money creation and quantitative easing like central banks do today. Once mainstream adoption grows the market cap of Bitcoin, the value per coin has tremendous potential to rise geometrically due to the fixed supply.
By comparison, the market caps of the top 29 fiat currencies could all be eclipsed by and absorbed into Bitcoin, because their numbers can simply be made larger at any time. All the while, Bitcoin's supply is forever fixed at 21 million, and thus, ∞/21. No amount of government policy can debase Bitcoin's value by printing trillions more into existence. Its enduring property of scarcity and sound money design suggest that over the long run, all fiat currencies are doomed to fail while Bitcoin could thrive as a byproduct of their failure. The market recognizes this probability by giving Bitcoin an already higher valuation than most major national currencies.
Bitcoin is not just another asset class, but a monetary revolution with the potential to transcend the manipulated and discredited fiat systems of the past. ∞/21 captures this revolutionary idea in a nutshell. In the decades to come, the relative values of currencies versus Bitcoin may come to reflect this concept.
Study #Bitcoin.
Image from Twitter.
Published at
2023-04-16 23:03:12Event JSON
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"content": "The key idea here is that #Bitcoin and its finite supply of 21 million coins represents a paradigm shift from fiat currencies issued by central governments with unlimited supply and the discretion to print as much money as they wish. All major fiat currencies throughout history have eventually failed due to inflation and loss of purchasing power. \n\nBitcoin's scarcity and immutable design offers a promising alternative. With only 21 million Bitcoins that will ever be produced, its value cannot be diluted into oblivion through reckless money creation and quantitative easing like central banks do today. Once mainstream adoption grows the market cap of Bitcoin, the value per coin has tremendous potential to rise geometrically due to the fixed supply. \n\nBy comparison, the market caps of the top 29 fiat currencies could all be eclipsed by and absorbed into Bitcoin, because their numbers can simply be made larger at any time. All the while, Bitcoin's supply is forever fixed at 21 million, and thus, ∞/21. No amount of government policy can debase Bitcoin's value by printing trillions more into existence. Its enduring property of scarcity and sound money design suggest that over the long run, all fiat currencies are doomed to fail while Bitcoin could thrive as a byproduct of their failure. The market recognizes this probability by giving Bitcoin an already higher valuation than most major national currencies. \n\nBitcoin is not just another asset class, but a monetary revolution with the potential to transcend the manipulated and discredited fiat systems of the past. ∞/21 captures this revolutionary idea in a nutshell. In the decades to come, the relative values of currencies versus Bitcoin may come to reflect this concept.\n\nStudy #Bitcoin.\n\nImage from Twitter. https://nostr.build/i/nostr.build_bfd634b0f49c8bcc913d551b078b4f81c0a382776dd97dc6a1e6d959f7b7e20d.jpeg",
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