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@ Cykros
2025-03-10 09:49:38
100%. Bitcoin's value proposition necessitates it being used as money. Scarcity is a necessary requirement for value, but it is not a sufficient requirement in and of itself. Arguably even gold only maintains its value because people see that fiat will one day collapse, and that gold may need to return as money. That's certainly the mentality the preppers have when hoarding it anyway. And how many nation states are using it, with demand spiking amid breakdowns between their fiat (and the uncertainty of access to the dollar rails).