Comment by resource_waste
Comment by resource_waste 15 hours ago
If you can be objective enough to consider that not everyone likes keeping fiat currency, it was an interesting alternative.
Bitcoin generally appreciated, where fiat had inflation.
While the transaction costs/speed have eliminated this, there was a few years of my life that I both sent money to friends and used a Bitcoin debit card.
If you don't like fiat there is always gold. If you really care about value, independent from the monetary system (post-apocalyptic safety), buy tools, grain, generators and oil, though many of these things are perishable and storage comes at a cost.
One must ask whether the Bitcoin valuation has raised 1000% because the fiat has inflated as much, or is it mostly driven by speculation. For reference point, the buying power of fiat currency has not changed dramatically during the same period.