Bitcoin and the Liquidity Question: More Complex Than It Seems
The expected renewal of U.S. money printing, should it materialize, will further debase the dollar, highlighting the store-of-value properties of assets with a fixed supply. Gold has been the traditional haven over the centuries, and earlier reached its highest point since the aftermath of the Ukraine invasion early last year. However, gold is not exactly seizure resistant, is hard to store unless via a centralized third party,and is complicated to spend. BTC, on the other hand, is digital, can be moved with relative ease, and is an evolving technology with use cases yet to emerge.
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