I’m not really considering an apocalyptic scenario where everything not used for survival uses value. I’m obviously speaking in the context of economic value in today’s world… Sure, food retains it’s value in a life or death situation better than other things, but it’s a pretty obviously bad investment from an economic perspective. Unless you think the apocalypse is tomorrow… But then perhaps your money would be better spent trying to prevent that apocalypse?
Well? Maybe not tomorrow… good news always comes out on Mondays….
(/s. But you do have to admit the world has gotten increasingly volatile.)
BTC is a poor currency, and it’s merely a store of value. It’s like a different kind of FOREX, more than anything else. It’s price compared to fiat is only set by what people are willing to pay fiat for it.
Sure, you can mine crypto all you want, but it has no value until it’s sold. Until it’s sold, it just represents wasted energy.
I’m not really considering an apocalyptic scenario where everything not used for survival uses value. I’m obviously speaking in the context of economic value in today’s world… Sure, food retains it’s value in a life or death situation better than other things, but it’s a pretty obviously bad investment from an economic perspective. Unless you think the apocalypse is tomorrow… But then perhaps your money would be better spent trying to prevent that apocalypse?
Well? Maybe not tomorrow… good news always comes out on Mondays….
(/s. But you do have to admit the world has gotten increasingly volatile.)
BTC is a poor currency, and it’s merely a store of value. It’s like a different kind of FOREX, more than anything else. It’s price compared to fiat is only set by what people are willing to pay fiat for it.
Sure, you can mine crypto all you want, but it has no value until it’s sold. Until it’s sold, it just represents wasted energy.