LibanBitcoin on Nostr: People call #Bitcoin an investment. They're describing the exhaust, not the engine. ...

People call #Bitcoin an investment.
They're describing the exhaust, not the engine.

The number goes up for one boring reason: fixed supply meets expanding demand while the alternative is money that can be printed without limit.

#Bitcoin has a price because of its utility.
That's not hype. That's simple economics.

Every new adopter competes for the same 21 million coins. Meanwhile, fiat currencies continue to expand their supply. One side gets scarcer. The other gets diluted.

Price is the consequence, not the purpose.

#Bitcoin isn't valuable because the price goes up.
The price goes up because more people recognize the monetary properties of an asset with a fixed supply.

Read that again.
#Bitcoin has value.

The engine is monetary hardness.
The rising price is just the exhaust.

#HosKasi The Engine, Not The Exhaust