/biz/ - Business & Finance

99.9999% of all cryptocurrencies to have ever existed have hyper inflated to nothing despite having fixed supplies, some even while having shrinking supplies
what makes you think bitcoin is different?
there exists no scenario under which gold will hyper inflate to nothing, just as there exists no scenario under which wheat or copper will hyper inflate to nothing because these things have actual value, unlike your crypto/fiat- currencies

>>56556769
>>56556949
what you people seem to forget is that the purchasing power of gold does not remain constant- it actually increases over time as mankind becomes more productive because our ability to scale the production of most goods/commodities/services far outpaces our ability to scale gold production
since 1970 global GDP has increased some 32 fold while global above gold stock only has increased 2 - 2.5-fold
just think about all the billions of people that have been brought out of crunching poverty and now are middle class / wealthy, imagine all the wealth and production capacity that China alone has added these past decades