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Why Vivaldi will never create ThinkCoin (post from 2022)
(vivaldi.com)
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this post was submitted on 28 Jan 2024
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Exactly, it's a speculative asset based on the greater fool theory
The same can be said about your goverment issued currency. People in venezuela holding fiat are instead the fools. You can argue that you are not in venezuela, but you do not get bitcoin when your countries become one but before. In many cases, you are even banned to exchange your goverment issued papers for bitcoin when that already happened. People live under different governments, bitcoin gives them the option to hedge against the risk they see.