notices - See details
Notices
JG
Jonathan G Harris (not verified)
24th April 2021 | 8:28pm

USD dropping by 2% a year is a feature, not a bug. Unless you keep your USD in a matress, it is a non-problem, because you invest your USD and earn interest or put it in riskier investment and earn profits.

Going from 200 ounces of gold to 600 ounces of gold in a short period is a huge change. If you look at the past 10 years, the amount of house you could buy for 600 ounces of gold has varied by quite a bit.

If you want a hedge against inflation, a portfolio of t-bills that is constantly rolled over works far better than gold at maintaining purchasing power.

Finally, despite the attempts at greenwashing, the fact is very little Bitcoin mining is done with truly stranded electricity. Such electricity could also power data centers and supercomputer farms