Holding fiat money in a bank account = lose 10% purchasing power per year
Holding bitcoin = ~triple your purchasing power per year
Simple choice.
@stephanlivera fiat "savings" accounts should be called inflation rebate accounts. Bitcoin is the true savings account
@stephanlivera 10%...
What is this, inflation for ants?!
@OrangeSwell gotta give the normies a perspective they can see
@stephanlivera I think we're going to be well over 30% in 2021.
The conscensus between Keiser, Pysche, et al, seemed to be 15-20% early last year.
Sure looks like it's going to be a wild ride.
Hard to see both being true for one account. Agree with the principle not the math.
@milestones
The 10% inflation is referring to inflation of assets (largely being used as an SOV) which also effects Bitcoin.
Bitcoin has an inelastic supply & is undergoing adoption. It’s exponential growth won’t be forever but it’s possible it will be like that for decades.
I agree both are hard to measure & quantify in a way that are widely accepted. Is the difference sufficient to effect your decision making though?
Bitcoin is scam
@stephanlivera what a solid banking system we have today. https://www.reuters.com/article/ubs-group-rates/ubs-to-charge-negative-rates-on-holding-above-250000-sfr-euros-memo-idUSL8N2JN0TI
@stephanlivera how many years until holding bitcoin only doubles your purchasing power?
@Coinward well post hyperbitcoinisation it won't be doubling every year. but who knows when that is!
@stephanlivera How many years until hyperbitcoinisation is a more interesting prediction than anything price related
@stephanlivera What happens when you hold Bitcoin in a bank account?
@stephanlivera Depends on a year 😉