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Depends on when you buy. If you bought in Feb or March and held, you'd be up 200-300% right now, even after last night's wicked sell off.
How much would they have to go up to flush all economies down the tubes--meltdown to Stone Age?
nobody is going to the stone age. the central banks will not let that happen.
On what theory is that based, modern monetary theory, that central banks can control inflation even if investors can no longer support the Dollar? How does that work?
Weimar Germany, socialist Venezuela...not a good look. Now imagine the whole world at once thusly impacted. Do you know of any currencies that wouldn't suffer if the Dollar is no longer worth doodley-squat?
???
That's an awfully short list, and liquidity rules. It's not as if their economies will feed the world. Stone Age...
"...these and other factors may well have a significant depreciating effect on the long-term real value of fiat currencies...""purchased 21,454 bitcoins at an aggregate purchase price of $250 million"
"This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash."
MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset
MicroStrategy® Incorporated (Nasdaq: MSTR), the largest independent publicly-traded business intelligence company, today announced that it has purchaswww.businesswire.com
Bitcoin isn't controlled by a central bank/government and supply is fixed. Two important distinctions from a country's paper money. It's still fiat but depending on how broad you get defining "fiat", unless you are trading hunted/gathered foods for arrowheads, you are using some intermediate store of value to facilitate commerce, with both parties agreeing on value if that commerce is to proceed.
