Aure's Notes
Jul 6, 2023

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I own some BTCs, but, there are a few problems.

1. No stability. BTC can triple in value over 3 months, or crash in the span of two weeks.

2. No inherent value. Gold is used in electronics, as jewelery, etc. BTC isn't.

3. Fragile to quantum computing.

4. Mainly used as a ponzi scheme for people to get richer without doing anything (at this stage).

5. Hard to buy for the masses.

6. Only exists in electronic form.

For these reasons, I believe BTC will remain an investment asset class and it won't be money.

Money needs to be printed as the economy grows as the supply of money needs to equal at all times the value of the economy.

BTC isn't it.

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Aure's Notes
Aure's Notes

Written by Aure's Notes

2X Msc in pol. science and business econ. Summarized +100 books. 25k people read auresnotes.com. From Belgium. No niche.

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