Also my value of USD hasn't dropped 30% in the last month.
No one needs incentive to spend. You will spend if you have plenty to spend. Having a currency which gains in value will take you there.
That’s some pretty fanta-dreamy-economics. How can it possibly be true for everybody? Money from heaven?
As a matter of fact crypto "currencies" are a rotten medium for saving due to their volatility.
Sure, they may go up in value. But then that's pure speculation, certainly not saving.
You cannot blame the theory, you cannot blame the system… we have a saying in Italy: opportunity makes the thief. Blame the people, not abstract entities.
1 BTC is worth 1 BTC.
The fed manipulating the USD and affecting the trading pair of USD/BTC is probably what you’re referring to.
tautologically true, but irrelevant. That's like saying gold costs 1 ounce per ounce, and that price has never changed in the history of its existence.
Current economic pricing happens with USD for most activities, and thus you need to be pricing BTC under USD.
Until the day people would easily accept BTC directly (and hold it instead of converting it into USD), you cannot price BTC in BTC.
In a longer span: BTC is down 33% against EUR in the last 3 months.
> 1 BTC is worth 1 BTC.
That’s tautological, so devoid of any information.
There are crypto credit cards now that allow you to achieve the same effect.
Assuming this advantage disappears, are there any other bull cases for $USD?