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US Politics 20w
Allowing bitcoin in 401k’s is bad. The average American doesn’t understand that they have no intrinsic value, just a market value. Treating it as an investment will not fare well for them in the long run.
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Anonymous 20w

The intrinsic value of US bonds is what exactly? If you hand a amazonian tribe member one, how would they react?

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Anonymous replying to -> #1 20w

Its fair value is its intrinsic value. The US government’s guarantee to repay the bond makes the valuable.

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Anonymous replying to -> #1 20w

That falls apart when you look at what investors hope Bitcoin will be. They want it to be a safe-haven or hedge against inflation similar to gold and believe it’ll reach a similar market cap to gold. The federal government under Trump is actively purchasing crypto as a reserve which does help prop it up and stabilize it, but now you’re taking steps toward centralizing crypto currency. If you want an intrinsically valuable hedge to inflation, do gold or silver

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Anonymous replying to -> #1 20w

Plus even if we progress to a point where gold is incredibly common (harvesting advancement or comet mining advancements), gold still holds technological value as the absolute best conductor. Gold always has a value bc of this.

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Anonymous 20w

we’re agreeing here. my whole point was that no matter how you look at crypto there’s an insane drawback and you’d be better off simply holding PMs

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