0 sats \ 1 reply \ @faithandcredit 26 Jan 2023 \ on: Fiat Debases Belief, But Bitcoin Makes Us Human bitcoin
In a few years bitcoin will just be a joke. The halving will crush the miners who are still adding hashrate like crazy. But the price will not 2x within the next year and 4 months. It would require a hundred billion dollars but easy money aka QE and low interest is over. And as a result not much money is going to come to btc going forward. Miners and holders are in for a rude awakening but let's see.
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10 sats \ 0 replies \ @Rock 26 Jan 2023
I feel like this argument has been made every halving. Yeah we are not in QE mode right now, but likely by then we will be according to the Fed. Even if they don't pivot, it's basic supply and demand. Miners don't set the price, and difficulty adjustments are still a thing. The price does not need to go up for Bitcoin to work.
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