TFM's position on crypto seems to be purely ideological and not at all pragmatic.
Nobody is advising to commit 100% of your cash into anything, let alone crypto.
But if there's a non-zero chance that BTC will 10x or 100x within a year and you don't put at least 1% of your disposable income into it to hedge against market fuckery, then you are not investing, you are doing emotional/ ideological gambling.
I am not opposed to putting some of your money in bitcoin as a short term strategy
But bitcoin is not real for the same reason that United States dollars are not real
People simply can add more digits without creating any new physical object with a practical use that is different than the previous object it was traded for other than the value people imagine it to have & are thus willing to trade for
Unlike seeds + sunlight, dirt & water becoming a edible plant with more seeds
> bitcoin is not real for the same reason that United States dollars are not real
Let's assume that's true. So what? How does that make any difference to you making or losing money next year?
> People simply can add more digits
Incorrect. With XRP + Ripple, they definitely can. XRP is a deliberately inflatable (i.e. infinite) currency built on a protocol that intentionally replaces the SWIFT system. This is precisely why XRP+Ripple has BRICS adoption.
Here's one of the actual value propositions of BTC explained:
Condensed version of the argument: https://iv.ggtyler.dev/watch?v=spDS7q6uRkY
Longer version: https://iv.ggtyler.dev/watch?v=PInd7uRiGjs
I am not talking about scarcity I am talking about
1 You can not eat money or bitcoin
2 You can not shelter yourself from the elements or weather with money or bitcoin
3 You can not use money or bitcoin as a tool to build things
4 You can not use money or bitcoin as armor
5 You can not use money or bitcoin as a weapon to defend yourself
6 Technicly you can illegally burn money to start a fire to keep ypurself warm or to wipe your self which bitcoin does not work for
Who cares? You can't do any of the above with gold or silver either, but no-one disputes it's clear value.
Literally no-one is making the argument you are. It's a dumb category-error argument.
In a desert it is sometimes better to have the same weight in water than that weight in gold and diamonds