Digitalization is happening everywhere now. Countries are going digital and many are looking at crypto, especially Bitcoin, as a key asset.
Bitcoin's Role in the Future Economy
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Not sure I’d call Bitcoin a strategic asset yet. Its volatility and all that makes it a risky play, but it does attract investors who wanna hold onto it for the long run.
chr1swhal3Full Member
Posts: 60 · Reputation: 254
#3Jun 30, 2023, 07:44 AM
Satoshi's coins? They're not lost. No proof that the keys are gone. He just hasn’t moved them probably to avoid market disruption.
Checked one of Satoshi's wallets and it's still getting deposits. What's up with that? Donations or something else? Curious minds wanna know.
Many countries see potential profits in holding Bitcoin as a reserve. We don’t know exactly how much they own, though it’s rumored UAE is stacking up.
But how does Bitcoin help everyday people? If it keeps rising, won't holders just hoard it instead of spending? It’s supposed to be a currency, not just an investment.
I totally disagree on the corporate Bitcoin holdings. They could dump at any moment. We need wide adoption, not just strong hands.
SilentOrbitSenior Member
Posts: 97 · Reputation: 1264
#8Jul 3, 2023, 06:21 AM
Comparing banks and trusts holding BTC? Not that impressive. If prices fall, they could easily cash out. Not a true reserve asset like gold.
Yeah, I messed up by treating BTC as just a payment system. If I’d just held, I’d be set for life instead of just holding a chunk.
You’re right, lots of folks underestimated Bitcoin back then. It’s early days still, but patience is key. Great things ahead!
dave.d1amondNewbie
Posts: 3 · Reputation: 5
#11Jul 3, 2023, 01:34 PM
Laszlo Hanyecz and his famous pizza buy is legendary. Can’t believe he traded 10k BTC for two pizzas back then. What a wild time!
Let’s not jump on Laszlo for that. At the time, Bitcoin wasn’t valued much. It’s easy to judge in hindsight.
Early Bitcoin failures are understandable. Back then, people didn’t grasp the potential. Now Bitcoin’s recognized as a hedge against inflation.
HumbleFarmSenior Member
Posts: 18 · Reputation: 802
#14Jul 7, 2023, 01:22 AM
US doesn’t have a strategic reserve. Just an order from the president to sell if needed, unlike MicroStrategy who might liquidate when they need to.
I feel like you’re missing the point here. You need to get what Bitcoin is really about and how it's perceived now. Not just a fad.
US has seized a lot of Bitcoin but plans to hold it. They claim selling will be a last resort. Different from companies that might cash out.
You’re really overestimating Satoshi. He could’ve lost his keys too; he’s just human. The whole narrative around his Bitcoin is complicated.
nick_yieldMember
Posts: 19 · Reputation: 80
#18Jul 7, 2023, 11:32 PM
Honestly, no offense, but it sounds like you’re not grasping what Laszlo did. He showed Bitcoin could actually be used for purchases.
I’ve read Laszlo doesn’t regret it. It was a big moment for Bitcoin’s credibility. Probably not a stupid move.
nick_yieldMember
Posts: 19 · Reputation: 80
#20Jul 8, 2023, 12:04 AM
True, he says he doesn’t regret it, but who knows? The impact he made is what’s important. We need to appreciate the early adopters.