You are not smarter than the market. Market does not go up because it is worthless. Price is price is price. Whatever it is today is the worth and if fundamentals change tomorrow it will be priced in. One person can not manipulate it to any price because of how any markets work. By saying yes it’s going to 0 or yes it’s junk but btw it’s probably going up is directly against your thesis that it’s worthless and shouldn’t be worth anything. By the time it goes up even if it’s large billionaires realizing they need to get in and they sell at 20k the new buyers may decide to hodl because the option to hodl fiat is not really an option since it will be considered a worsed form of money compared to crypto. Hoping it goes up then dumps is one of those things that proves you don’t know how markets work. If it goes up it’s because it’s worth more on a mass scale and that value ends up opening more eyes. Maybe once the billionaires are out new billionaires enter with their worthless fiat and make it go to 100k.
the other argument that it does not scale is also wrong since there are payment channels and other tech (syscoins zdag) that allow to compete directly as transaction processors better faster and cheaper than visa/Mc.
no inflation is an instrument of both bad fiscal policies but also a debt based economy which requires interest for banks to loan which creates inflation since reserve ratio by definition is fractional lending which means at some point inflation will run away since population isn’t growing exponentially at the same guaranteed rate of inflation through interest.
the other argument that it does not scale is also wrong since there are payment channels and other tech (syscoins zdag) that allow to compete directly as transaction processors better faster and cheaper than visa/Mc.
no inflation is an instrument of both bad fiscal policies but also a debt based economy which requires interest for banks to loan which creates inflation since reserve ratio by definition is fractional lending which means at some point inflation will run away since population isn’t growing exponentially at the same guaranteed rate of inflation through interest.