![Oof, deflation hurts [750x748 - 102KB]](https://pic8.co/sh/9FkOJ1.jpg){kind=link}
It's not tied to the nation's GDP. It's tied to the honesty of the Federal Reserve, which is none. Not even that. It's tied to consumer preference, as all currencies are, unless they are actually guaranteed to be exchangeable for something, which the US dollar isn't.
Right now bitcoin has growing consumer preference because it doesn't enable theft by the banks, and so its price grows.
It's not tied to the nation's GDP. It's tied to the honesty of the Federal Reserve, which is none. Not even that. It's tied to consumer preference, as all currencies are, unless they are actually guaranteed to be exchangeable for something, which the US dollar isn't.
Right now bitcoin has growing consumer preference because it doesn't enable theft by the banks, and so its price grows.
and you know this exactly how? Keep in mind what KNOWING means.
and you know this exactly how? Keep in mind what KNOWING means.
Yes
Yes
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