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To: marktwain

That’s why I mentioned equities. Don’t compare crypto to dollars, compare them to other investments that do have intrinsic value.

That said the dollar is much better than currencies, it hasn’t inflated and deflated like the crypto market cap has. Crypto market cap was 834 billion 1-2018, it deflated to 110 billion in one year. That’s an 87% drop in one year. Then in two years (5-11-2021) in inflated to 2.558 trillion. From 5-11-2021 to now it deflated by trillion dollars to 1.588 trillion. That’s a 39% drop in less than two weeks.

That dollar has NEVER done that.


8 posted on 05/31/2021 7:46:46 AM PDT by dynoman (Objectivity is the essence of intelligence. - Marilyn vos Savant)
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To: dynoman

“ That dollar has NEVER done that.

No, but it loses a steady 3% of purchasing power a year - year after year, decade after decade.

If you’re happy there, good luck to you!


11 posted on 05/31/2021 7:51:50 AM PDT by aMorePerfectUnion (“Old wood best to burn, old wine to drink, old friends to trust, and old authors to read.” )
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