Troy
1.5K posts




My take on Bitcoin $BTC It’s a fantastic invention. An alternative payment system plus a limited supply. If BTC became our money 21 million divided into a $30 trillion GDP means each BTC would be worth ~$1.5 million and Saylor would control 3% of our GDP without creating anything. However, this will never happen. Govt will never let BTC be our money. People wanted gold to be our money and it’s not. Why, because you can’t do QE with gold. It lashes you to a standard. So does BTC. BTC does provide an alternative payment system, but if that’s all it is why do I care what it’s worth? If I need to send someone $5,000 and BTC is $50,000, I need 0.1 BTC. If BTC is $1,000 then I need 5 BTC. So who knows what the supply and demand for alternative transactions will set the price at? All I know is it won’t be $1.5 million and I highly doubt it will fall below 1 cent. Someone could corner the market. And, finally, if BTC isn’t our money, and all it does is provide a blockchain-based alternative transaction method, there are cheaper alternatives coming into play right now. Stable coins can do the same thing, but, apparently, cheaper. I think there is more downside to $BTC.








*STRATEGY BUYS 1,550 BITCOIN FOR AVG. PURCHASE PRICE $65,332 JUNE 1 TO JUNE 7: BBG












