Re: US Core PPI index 3.6%


While this definitely casts a shadow over our short-term plans, all we really need is to finally push Bitcoin from being a risk asset to a scarce asset.
Bitcoin’s main purpose has always been to serve as a fixed-supply asset, replace traditional stores of value, and eventually merge with traditional financial instruments.
Today Bitcoin is still a risk asset and on the verge of becoming a scarce asset - and at some point, a transactional instrument.
We will know that time has arrived when high inflation data pushes Bitcoin’s price up, not down. That is when we know the world is ready to move forward. Until then, people will sit on their pet money that leaks value heavily, banks will cling to their pet dollars like their lives depend on it, and the world is neither ready nor deserving to use the hardest asset available: Bitcoin.
BTC-1,83%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)