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this post was submitted on 17 Dec 2024
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Asklemmy
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You accept $20 because you are confident it is worth $20 tomorrow. You put it in a bank hoping the interest will cover inflationary depreciation, and hoping the bank will give it back when you ask for it. Btc does not have that 2nd risk, but you can still accept it as payment and sell it on an exchange shortly after, if you trust bank IOUs more.
You can't buy beer with gold or amazon stock, though can with bitcoin, even if cash is easier. Investments are a separate market, and they all have the buyer's hope of higher future value.