Bitcoin represents an innovation in the financial world, and more people are starting to eventually understand this.
More big players are hopping in the crypto wagon, and they are pushing the mainstream adoption of digital assets – this has been one of the most important goals in the crypto space for a while now, and things are going better and better.
Elon Musk has been boosting Bitcoin these days like there’s no tomorrow and the BTC community is excited.
Bitcoin maximalist Hodlonaut commented on Twitter, highlighting the fact that Tesla bout BTC and not altcoins.
Do you know what Tesla didn’t buy?
— hodlonaut 🌮⚡🔑 🐝 (@hodlonaut) February 10, 2021
Old world vs. new world
Analyst Plan B shared a message on social media in which he talks about the new world vs. the old one:
It is simple. In the old world your money loses value, because governments debase currencies to fund their warfare & welfare state. In the new world #bitcoin increases in value, because math caps the monetary base at 21M BTC. The new world is eating the old world right now. pic.twitter.com/yuTQ0SrdI7
— PlanB (@100trillionUSD) February 19, 2021
Someone said: “But Sir. We R seeing apps, wallets, exchanges, ETFs… selling paper-BTC. 21m is the hard cap. But that is only theoretical. Companies sell paper-BTC just like they sell paper-gold paper-silver.
What do u think about that aspect? You thought leaders must initiate a BTC bank run.”
Plan B responded with: “21m is the hard cap. But that is only theoretical.” .. that is simply not true. A paper BTC is just me saying to you that I owe you 1 BTC. Now, do you value my word the same as having 1 BTC in your wallet? No, of course not. Bitcoin and paper bitcoin are like apples and oranges.”
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $52,938.40.
The post Bitcoin Vs. Fiat Money: The New World Is Eating The Old first appeared on CryptoGazette – Cryptocurrency News.