Oddbean new post about login | logout It simply shows that Bitcoin has inherent value and it shows the inflation of the dollar. Monero’s dollar price does not go up with inflation because Monero is a shitcoin. As long as I’m paid in usd, usd price matters.
You know what a hedge is? Monero is money. It's the perfect hedge for your crypto stock market and gold gains. And it's also the best hedge for fiat collapse. BTC and other shitcoins is a nice speculative move powered by Wallstreet.
Bitcoin is not a shitcoin buddy cope harder. Monero will never see the same adoption as Bitcoin. Bitcoin will be the standard currency within 10 years, and Monero will vanish. Monero has lost buying power just like the dollar. It’s stable dollar price shows that it is not a hedge against inflation