I'm not a big crypto follower, but I don't understand something about the 15 or so articles I've read about it in the last year. Not one has mentioned/indicated/given the slightest hint of understanding that BTC has a built-in, algorythmic limitation of supply. Fiat currencies, of course, have a built-in, chronic oversupply.
Crypto is definitely a bubble. The other fact to consider, though, is that all currencies are bubbles. (Currencies are not income-producing assets related to productivity.)
So which bubble is worse? USD or BTC? That's a tough question.
I'm not a big crypto follower, but I don't understand something about the 15 or so articles I've read about it in the last year. Not one has mentioned/indicated/given the slightest hint of understanding that BTC has a built-in, algorythmic limitation of supply. Fiat currencies, of course, have a built-in, chronic oversupply.
Crypto is definitely a bubble. The other fact to consider, though, is that all currencies are bubbles. (Currencies are not income-producing assets related to productivity.)
So which bubble is worse? USD or BTC? That's a tough question.