A couple things are of particular note to me and, I suspect, have played into the calculus for folks like Michael Saylor and Elon Musk to add bitcoin to their balance sheets. One is the finite supply that creates a meaningful store of value. https://www.nytimes.com/2021/02/09/business/dealbook/cryptocurrency-bitcoin-tesla.html
Two is the decentralized network that constantly confirms and secures the publicly available (but pseudonymous) ledger.
Lastly, and perhaps most importantly, is the potential for savers to be rewarded with an appreciating (or at least stable) asset. Congress’ lack of fiscal discipline is largely responsible for debasing our currency.
If you work hard and save, those retirement savings should yield real value to the saver over time.
Congress’ debt addiction is decimating savers return on their hard-earned dollar. The potential to address that, if Congress fails to address its own debt fueled spending addiction, is the most compelling reason to follow digital assets extremely closely.
You can follow @CynthiaMLummis.
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