I never really understood that line of reasoning. Why would one person want to reduce the ability to apply economic policy in their country?
Certainly, you could use Gold instead of Bitcoin as a similar investment tool, right?
I never really understood that line of reasoning. Why would one person want to reduce the ability to apply economic policy in their country?
Certainly, you could use Gold instead of Bitcoin as a similar investment tool, right?
What do you think happens to your currency when they print more of it?
One problem with gold though is that we know where plenty of gold is, its just too expensive to mine. Once the price of gold rises, more gold becomes profitable to mine, supply increases, and the price goes back down.
https://www.slowboring.com/p/the-cares-superdole-was-a-huge-...
It might not be good for the people as a whole, but preventing your money from being inflated is very good for any given person taken individually.