Meta shareholders rejected the Bitcoin plan with less than 1% in favour. The proposal called Bitcoin a hedge against inflation and weak bonds. GameStop and Metaplanet are among firms copying Saylor’s Bitcoin play.
uhhhh the nation in question is the US. not a bad idea to consider other things to put money into
I don’t disagree that the US has been quite destabilized as a financial player on the world stage, but the US still has an insane amount of influence over global trade, and holds a ton of power within its own economy.
To argue that Bitcoin is more strongly backed than the entire long-standing, heavily globally financially integrated nation is silly, especially considering, comparatively, how relatively few manufacturers of ASIC miners there are for Bitcoin that could theoretically heavily influence the distribution of hashrate over time if compelled, or how most transactions in crypto still require a financial middleman to offload into currencies like USD because businesses simply can’t operate well when transacting with BTC in most circumstances if that also requires holding onto the BTC afterwards.
holding BTC long term isn’t that risky
And the original post was comparing short term treasuries to Bitcoin, not long term ones.
And even then, Bitcoin’s long-term outlook is bleak considering the % of block rewards paid from fees hasn’t substantially increased to make up for the halvings, which if the trend continues, will result in the cost per block cratering over time, leading to heavily slashed overall hashrate protecting the network.
I don’t disagree that the US has been quite destabilized as a financial player on the world stage, but the US still has an insane amount of influence over global trade, and holds a ton of power within its own economy.
To argue that Bitcoin is more strongly backed than the entire long-standing, heavily globally financially integrated nation is silly, especially considering, comparatively, how relatively few manufacturers of ASIC miners there are for Bitcoin that could theoretically heavily influence the distribution of hashrate over time if compelled, or how most transactions in crypto still require a financial middleman to offload into currencies like USD because businesses simply can’t operate well when transacting with BTC in most circumstances if that also requires holding onto the BTC afterwards.
And the original post was comparing short term treasuries to Bitcoin, not long term ones.
And even then, Bitcoin’s long-term outlook is bleak considering the % of block rewards paid from fees hasn’t substantially increased to make up for the halvings, which if the trend continues, will result in the cost per block cratering over time, leading to heavily slashed overall hashrate protecting the network.