Jul. 15 at 3:32 AM
$MSTR $IBIT Very funny that Bitcoin and MSTR have a fantastic day because inflation data was soft…..
Was Bitcoin not supposed to be the solution for RISING inflation, the solution for the impending debasement of fiat currencies etc etc?????
So it turns out that Bitcoin trades WITH the fiat currency, not independent of it. So Bitcoin drops when inflation rises and Bitcoin rises if inflation goes down.
So why do we need Bitcoin if it trades just like a fiat currency???
- Bitcoin has no use case
- Bitcoin is not a good store of value
- Bitcoin is not used to buy goods
and apparently it trades just like a fiat currency
All this applies to MSTR, even more so.