Not sure if this is a stupid question, but say that BTC MOONS to $50k, won't it result in massive devaluation of the dollar and result in huge inflation? House prices increasing etc. Because if it hit crazy prices like even a 100k, people would sell BTC and suddenly there'd be a huge increase in the money supply.
Am I making sense? Or have I missed something
who fucking cares
And that's when the world switches to bitcoin and boomers get BTFO
WTF where do you think the money comes from? From the people who bought at $49k
No because in order for you to sell the bitcoin someone has to buy it,
ie someone has to spend money for you to get money
inb4 tether
d-don't understand
The Price goes higher because people buy it for a high price. If no one would be willing to pay it at a high price, or sell, websites would sell it cheaper => price drop
Who are you newfags? Nobody in this space has any hope whatsoever for this piece of shit getting any adaption.
Nope that's fucking retarded, and you have no grasp of math.
btc REFLECTS massive inflation. ever heard of QE? its been obfuscated through various means for a long time...
>The absolute state of economic insight for bitcone buyers
You got it backwards.
Massive inflation results in Bitcoin.
Yeah, it's beautiful. We're literally just sitting on our asses and stealing purchasing power from nocoiners because we're getting rich without producing a corresponding amount of goods and services.
> Because if it hit crazy prices like even a 100k, people would sell BTC and suddenly there'd be a huge increase in the money supply.
Nice bait, guys answering you seriously not realising you're trolling. 10/10
actually USDs will moon because nobody but the chosen people and nations who keep reserves will have any left, while everyone else is just left with worthless memecoins
no....50k is nothing, 1 mill / coin is still a spec on the quadrillions of debt out there
also 95% of that wealth will be in the 0.005%
It would not of itself lead to a general inflation, no. It might lead to very local inflation if everyone knows hodlers are moving to (say) Omaha in which case Omaha prices would rise too. But there wouldn’t be anything like enough of them.
btc can literally only double 7 more times until its market cap is equal to all world currency, its at the end of its money making potential.
you can't cash out
You mean world currency in cash population, who the fuck cares about that?
including all saving, all stocks, and all funds. it cant grow past 2^7
This is the plan morons.
Why do you think Trumps pick for fed chair is not worried about crypto. He's not stupid.
They are going to eventually issue a U.S. Treasury Dept. Token to be taxes only at point of sale, and hyperinflate away all debt obligations priced in USD.
Then when Bernie bros realize Trump is the one who eliminated their student loans, maybe we can start taking care of demographics.
Where do I sign
China doing to devalue US dollar. Then use one bitcoin and buy usa
China :)
>start taking care of demographics.
this is the most politically correct euphemism for gassing jews I have ever heard, well played Mr. Nazi