/biz/ - Business & Finance

Anonymous Thu Feb 25 18:13:10 2021 No.29707194 [View]
File: 144 KB, 961x1200, 9R6maZQ.jpg [View same] [iqdb] [saucenao] [google]

>>29706701
I was just countering his Fallacy of appealing to JPMorgan.

I fucking hate roubini and Buffet, Hanke seems alright.
That being said just because some bank puts 5 zoomer hires on a team to see whether they should invest in crypto, does not mean that BTC is now the same as Gold or any other real hedge against inflation. BTC is a speculative asset with no method of earning money or interest. Its value is only based on what another person wants to pay for it. In the future, you might see competition in the crypto market develop and BTC's price shoot to zero.

or maybe not, but that doesn't make it a hedge against inflation. Believing so because some billionaires that over-leveraged themselves on it said so is braindead.

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