The value in the USD is that what it can buy you tomorrow depends on what the country has produced, delivered as services, invented, etc. I.e its value depends on these most important aspects of development in a society.
The value of btc depends on what some douche has tweeted or what some dirty whale has planned.
Wrong.
This is a simplistic view.
The value of BTC has very little to do with what some douche tweets. That's just fluctuations. Bitcoin has grown consistently year on year for the past 10 years. That isn't going to change. Crypto IS going mainstream. You're welcome to hold onto a depreciating asset, while the rest of us make huge returns and hold something that's increasing in value.
Your response just shows you don't understand crypto at all. It solves a LOT of real world finance problems.
Bitcoin has value as long as enough people deem it to hold value. Simple as that.
The USD is not tied to what the US produces. It's far more complicated than that now and the whole finance system is a mess, with inflation getting worse. This isn't a problem if you just earn and spend, but it's a problem if you want to hold assets.
And what about gold? Do you really think gold has that much intrinsic value?
Let's look at the 30 year history.
https://share.getcloudapp.com/qGu50WqQ
Now, what the hell changed in the early 2000's to make gold go up?
It shot up after the 2007 global financal crash.
If you bought bitcoin in 2013 you'd be up an insane amount right now. If you bought gold in 2013 you'd be down.
If you'd bought $1 million of gold in 2013, in 2019 before the pandemic your gold would be worth $722k.
Taking inflation into account, that $722 in 2013 money is now worth $
630860.85 in today's money.
Nice. Good investment. Good ol' gold.
It then shot up again because of the pandemic. Yes, it's not really worth that. It's because of the pandemic. If you buy in now, you're going to lose money once people start taking that money from gold and putting it back into other assets(including crypto)
People just like to think gold has some magic intrinsic value because it's used in some manufacturing processes.
It doesn't. It's mostly just supply and demand. The same as bitcoin. The only difference is gold is already topped out. Bitcoin will keep going up, because it's a better and easier way to store wealth than gold and YOU control it.
But you weren't even talking about gold. You're talking about USD, which just loses value every year.
