pull down to refresh

20 sats \ 1 reply \ @Shugard 2 Dec 2024 \ on: The “Price Stability” Myth Undermines Our Economy and Well-Being econ
For instance, the dollar price of BTC keeps changing due to increased supply of dollars vs. BTC.
This is what most people don't understand!
write
preview
0 sats \ 0 replies \ @Rothbardian_fanatic OP 2 Dec 2024
Of course, it is an indication that they don’t understand! Although there is another reason for the fiat price of BTC to rise, the demand for.BTC going up. Since the supply of BTC is constant, or nearly constant, any increase in demand would raise the fiat price. I think both actions are in play with the current BTC prices in fiat changing. More people are coming to BTC as new owners. For instance, me.
reply