I have noticed a logical discrepancy regarding all the talk for BTC and the US Dollar's relationship...
At one side there's a global de-dollarization, and dollars are useless, but then on the other side everyone is watching for US CPI and interest rates.
Dollars are going to be irrelevant so you should invest in bitcoin but uuh.. Bitcoin is traded with non other than US Dollars. Specifically US Dollar based stablecoins like USDT, but it's the same thing.
Everyone loves USD inflow from ETF, but then again why does all of this matter if BTC is going to be the ultimate asset? 1 BTC will always be 1 BTC.
Why are people so obsessed with the price of BTC, measured against the US Dollar? It doesn't make any sense, right?
Maybe this irony comes from the fact that everyone in reality, does not care about the futures and prospects of Bitcoin, or any cryptocurrency in general, but rather the speculative aspect.
"Buy low sell high" << If this is everyone's motive to buying crypto then this is just a Greater Fools theory. You buy something in anticipation of another person buying whatever you bought at a higher price. That guy is also thinking the same thing. Eventually there is the greatest fool, aka you bought at the peak.
So if someone is saying people should buy Bitcoin, doesn't that indirectly mean they are basically going to rip their money off? IDK, just something that came up in my mind. This feels.. very predatory. No wonder why crypto investors are statistically more mentally unstable. The entire game is based on ripping off others.
This is inevitable when the base asset has no production value. You need FOMO to lure new money in, so you can sell higher. Now the new guys need more FOMO to pass the bomb... This is not healthy. Also unethical. Maybe we start using crypto as its intended purpose, a decentralized digital currency run on a Blockchain? That's the purpose of Bitcoin, according to its creator after all.
