All fiat currencies lose value over time in part to encourage spending. Holding fiat is punished. There is an incentive to swap your fiat for other goods.
Bitcoin with it's fixed supply gains value over time, holding Bitcoin is rewarded.
What happens in a world where holding fiat is punished and holding Bitcoin is rewarded?
People swap their fiat for Bitcoin.
Charlie Munger: “Show me the incentive, I'll show you the outcome.”
Also Charlie Munger: ‘Bitcoin is stupid and evil. We’ve got a digital currency already, it’s called a bank account"
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