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Bitcoin As The Ultimate Insurance: Why $11,000 is Just The Beginning

Written by @abhay-aluri | Published on 2020/8/9

TL;DR
Bitcoin is a reliable e-cash: a method whereby on the internet you can transfer funds from A to B without A knowing B or B knowing A." Bitcoin is the only asset that's fundamentally uncorrelated to the existing political and economic decision-making process. The US has become the highest-producing economy in the world over the last century, its currency has become de facto reserve currency for the world, and the Dollar is a relatively stable and liquid medium of exchange of exchange, and central banks globally have accumulated over $6.7 Trillion in their reserves.

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Written by
@abhay-aluri
Building @joinryze to help you understand and invest in Bitcoin

Topics and
tags
bitcoin|economics|investing|bitcoin-adoption|macroeconomics|inflation|latest-tech-stories|bitcoin-spotlight
This story on HackerNoon has a decentralized backup on Sia.
Transaction ID: -tKLl2-t-ZeT422QYbjs0UDyp46q1XOzSd8beYUxDTo