Bitcoin And The Means To An End: Appreciation Is Simply A Vehicle For Major Change

You’ve probably heard that one before. And it isn’t a completely unfounded piece of advice; built into the supply-predictable, demand-elastic protocol of Bitcoin is the assumption of increased purchasing power over time. But to what limit should that be followed? Many Bitcoiners have seen their bitcoin holdings relative to their net worth explode upward and sit in waiting to see how the U.S. dollar system reacts to being cornered by another variant and that pesky debt ceiling limit. Anyone telling you anything other than “I don’t know” is making grand assumptions about what happens next. As comforting as fractals from previous runs can make us feel, Bitcoin finds itself in quite literally uncharted territory.

Source: Bitcoin Magazine

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