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RE: Bitcoin A Crazy Target for BTC Or The First Major Global Bubble?
If you see crypto's as money instead of as an investment, you want as many as you can get your hands on without ever cashing out to worthless fiat money again!
I want to get my paycheck in crypto's and pay my bills with crypto's!!!
Yes, I guess that I too would like that. But it could be the case of "be careful what you wish for" because for us who are accumulating now, everything seems great! But things can change very quickly. The example of declaring crypto at the airports can be a creeping way of capital controls we may see in the future.
But assuming that fiat would be nonexistent and only crypto would exist. Then what would be the real value of crypto? How many people are using Bitcoin as of now and if Bitcoin reaches out to everyone, then how much will 1btc be worth? My concern is that the fact that BTC is divisible is creating an illusion that inflation can't actually happen with BTC, I think dilution of BTC through the world populous would likely create said inflation. or maybe it's more accurate to say, perception of inflation in this case. And who says BTC says other cryptos.