My fav take today on reddit was that Bitcoin always was and still is an inflation hedge. Because people who bought it at whatever levels it was before now are still in the green and bought it to hedge against inflation. So if you bought bitcoin in 2014 for $1000 or whatever it was, then you're still up and because you fell for the inflation argument, that makes it an inflation hedge.
lmfao, most people who bought into bitcoin bought in during the last surge (some explaining it to themselves as a hedge against currency devaluation), I assume most non-institutional ponzis investors have lost most of what they put in at this point.
My fav take today on reddit was that Bitcoin always was and still is an inflation hedge. Because people who bought it at whatever levels it was before now are still in the green and bought it to hedge against inflation. So if you bought bitcoin in 2014 for $1000 or whatever it was, then you're still up and because you fell for the inflation argument, that makes it an inflation hedge.
lmfao, most people who bought into bitcoin bought in during the last surge (some explaining it to themselves as a hedge against currency devaluation), I assume most non-institutional
ponzisinvestors have lost most of what they put in at this point.