Replies

I understand your logic being applied to BTC. However, in this particular case, BTC has been designated for tax purposes the status of property rather money/stock. Another reason BTC is going to be eventual “transaction” leader, among quite a few others.

You could buy a $100 USD in BTC today, after fees you’d have $97 or so. In six months it may well be work $1200 USD. If you ever wanted to learn about BTC a hundred bucks, while a lot of money, is cig’s and soda’s at the Gas-Marts for most of today’s population (how people can shop or buy single sodas all the time when they could get a 6-pak blows me away).

BTC will continue to adopted by people. It is still being mined and there are another 5 M or so and that mining will continue until 2040. Currently, estimates are that only 21M total are available (I lost one on a compter years ago;)).

Fidelity Investments has become the first retirement plan provider to allow cryptocurrencies in the 401(k) accounts. They have 11T in retirement funds under management. If only .02% or 40,000 investors put 20% into BTC even over 4-5 year, it would double the valuations.

Bitcoin will now be classed as a commodity in the U.S. along with gold and oil, according to the Commodity Futures Trading Commission (CFTC).

As BTC gains more users, people in China and India, saw the biggest gains. After this year’s Superbowl, Crypto currency accouts increased 10% in the USA as a result of the advertising.

BTC traded between individuals incurs no tax, transaction or currency exchange other than a very small “gas” fee.

The problem of the USD and other fiat currencies is that since 2014 the USA has printed 7x the money supply. BTC cannot be increased and people want it to hedge against government money. Imagine if the USA decided to withdrawl the USD from circulation, and in its place issue something they will call America’s Dollar or American Dollar - a boarderless currency for use from North thru South America. How will that affect the value of the USD one might ask, but if the USA decides to go this route, it will be because as with inflation, dollars spent or borrowed today will be paid back at a discount - thus the lender lost purchasing power and the ability to even break even. Imagine our trade deficit with China being paid back with USDs after 23% inflation for two years - China would have worked, produced goods, and lost money for sending it here. The same goes for the Am Dollar if implemented after the USD.

BTC has long term advantages. If 100,000M people use BTC, the smallest unit a satoshi could be worth a dollar. Limited supply and increasing demand vs. USD falling value and increased volume.

Like I mentioned above, a hunder dollars today might pay your gas and grocery bill any month next year. If Freeper’s just put $50 a month in BTC, ETH or Solano for the rest of this year they might become experts.