RE: Bitcoin will go to $1M / Why other cryptos won't (part 1)

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Thanks for the feedback. While I disagree with a lot of your points, I do see how many still view it as a complete speculative bubble. Personally, I think bitcoin is a better form of money and a better store of value than gold for the reasons I laid out in the article. When you say nothing of value gets built on Bitcoin I don't necessarily disagree. I just disagree with your premise that it NEEDS it. The value of Bitcoin is the safe, secure, immutable, uncensorable, network they've built with a finite supply. Nothing like it has ever existed. Compared to our current financial system, it allows people to place assets inside that network without having to worry about them ever being inflated out of existence. You also say "apocalyptic conditions" as if that is a very far-fetched idea. I don't think it's as crazy as that. While it may not be armageddon, the complete meltdown of the current global financial system is not as far off as it may seem. With continued money printing it is not so difficult to see a point where that debt can never be repaid. We may have already reached that point. If and when that happens, owning something that has a finite supply with a global network and the ability to be moved at the speed of light could have an astronomical value. Time will tell....

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