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Comment by WJW

I'm pretty sure a billionaire does not need to worry about being unbanked even in Mexico. There are many other types of assets he could hold that would bring as much inflation protection as bitcoins with a fraction of the volatility. Now obviously in his particular case he's done pretty well with his hodlings because the price went up so much, but that is not guaranteed to happen again in the future and may in fact reverse. As long as it stays so incredibly volatile, holding bitcoin should be regarded as speculation first and an inflation hedge second.
parent WJW 5 years ago

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