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BitcoinPierre
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Why does Bitcoin always bounce back? 21 million BTC question.
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If we each buy $20 worth of BTC, we can drive the price back up above $100k.
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Bitcoin has dipped below $100k not because the network relies on the Straight of Hormuz, not because the asset is over-leveraged, but because it’s the easiest to sell globally 24/7 for deleveraging other assets. There’s utility in accumulating it when times are good.
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Bitcoin is already the liquidity backstop for the global monetary system.
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The problem with silver is that more of it gets mined when its price goes up, whereas with bitcoin the quantity mined is inelastic and halved every ~four years.
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