We exchange our time (finite) for cash (infinite).
We store our time (finite) in cash (infinite) for accumulation and later use – store of value.
Monetary technology systems change – from food, animals, precious metals, to promises then paper.
Money printed faster than the trees it grows from.
The best performing fiat currency is the British Pound which over it’s 317 years of life has lost 99.5% of it’s value.
The dollar in your pocket worthless than it did last year.
Cash (infinite) as a store and measurement of value is not accurate – like a bent ruler.
Cash is man-based currency. Man is greedy, man is short sighted, man make mistakes, man lie.
Bitcoin is math-based currency. Math is nature, math is reality, math is accurate, math does not lie, math the language of God.
Bitcoin’s scarcity is the greatest monetary breakthrough never before - and never again - achievable by mankind.
Bitcoin is a one time, path dependant invention that dematerialises gold – it can move faster and easier, hide anywhere but cannot lie.
Of the total 21,000,000 approx. 20% are lost forever = 16,800,000 - supply.
Of the circulating supply, 78% is not for sale and increasing – demand.
If you own 0.0224BTC you are in the 1% club – of the world.
$4.8 million per BTC = approx. $150 trillion market cap.
Cash is a bent ruler, but USA military expenditure in 2019 = $1.9 trillion.
Once we surpass 50k we may only see it once more.
Yes this dip will be a blip.