When I bought bitcoin I did it for only one reason. I expected the USD to collapse. I could have invested in anything, but bitcoin for me was the only viable option. I didn’t buy bitcoin to get rich.
USD has started the collapse. It will take time but nobody can stop it now. Blame it on the virus π¦ if you want. I blame it on decades of stupidity by the government.
I also own apartments that I rent with the prospect tenants won’t be able to pay. In April 10% didn’t pay but I suspect it will be higher in May, and higher still in June. When hyperinflation hits I expect the apartments will adjust to the new currency unless the governments decides to seize private property.
I could easily convert my bitcoin back to fiat now with a big gain and pay taxes too. Then I would have USD that is devaluing quickly. I don’t want dollars. It is that simple.
No matter what happens I will own bitcoin because I don’t expect I will ever be comfortable owning USD again. And one bitcoin will always be worth one bitcoin.
Submitted April 15, 2020 at 06:33PM by foomev2 https://ift.tt/3a66Lsc https://ift.tt/2Z7cX2s
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