Comment by kjksf
3 days ago
Buying BTC is shorting money printing by your government.
Today the only government (that I know of) committed to not printing money is Argentina but they have other issues affecting their economy and therefore inflating their currency.
Given that governments don't seem to have desire stop money printing any time soon, buying BTC is sound.
> Today the only government (that I know of) committed to not printing money is Argentina [...]
You don't know many countries, do you?
Argentina still prints more money, and has higher inflation, than most places around the world.
Singapore and Switzerland are some examples of nicely conservative monetary policy.
The 2010s called, they want their talking points back. The Fed has been doing quantitative tightening for the last couple of years while raising rates. Only towards the end of last year did they start lowering the rates again, but they are still doing QT. So, there is no, what you call, "money printing", which in itself is a complete misnomer as it ignores the complexities and actual transmission mechanisms of "quantitative easing". In either case, Bitcoin has proven that it offers no hedge against anything; it is merely a risk asset with no intrinsic value that tends to rally with all the other rubbish like meme stocks.