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10 things recently learnt about bitcoin.

Heard James, Jake and Jeff on bitcoin.

    1. Bitcoin is a replacement of gold instead of currency.

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    2. Bitcoin is truly decentralized i.e. no one person holds 80-90% of total circulation.

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    3. Bitcoin is limited whereas printing money is unlimited, with each print/year bitcoin is going to increase just like any other asset.

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    4. Bitcoin started it's journey from 0.0001$ in 2010 and now it is present at $20k. That's valuable.

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    5. Base of bitcoin is satoshis. Smallest unit of measurement is sat. 1bitcoin = 1million sat.

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    6. Fiat currency incentivizes spending whereas bitcoin being asset incentivizes saving.

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    7. US printing more currency increases inflation in countries which hoards dollar as reserved currency. Smaller countries could shift to bitcoin as reserved currency.

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    8. Bitcoin could act as base for valuing CBDCs.

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    9. Only 5% crypto assets would succeed and have value more than Amazon, rest 95% are going to fail.

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    10. Michael saylor declaring his selling price for bitcoin. Now, market moves in a direction to give max pain to maximum no of people. all the times. With market law, bitcoin could further go lower to $16000.

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Nemo @Nemo
Eth possibility below 1k as well.
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Any hints on probability of eth moving to below 1k?
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