> Also, unlike Gold which could possibly be mined from Mars in the future, Bitcoin has a limited supply only. With only 21 million Bitcoins available...
I mean, c’mon. There’s already BCH and a thousand altcoins out there, this argument is pretty weak. I too am somewhat pessimistic about our ad-hoc, poor man’s UBI vis-a-vis the stimulus but this too shall pass, the end of the pandemic is in sight even as we enter the worst period, and I feel like this has largely - somehow - been priced into the market.
I find it much more likely that tether being printed from thin air has been driving a lot of the price increase and when that bubble pops we will see where the chips really lie.