To nitpick, Bitcoin doesn’t currently have a fixed supply. It has a supply cap that takes effect sometime in 2140. Bitcoin currently inflates by 6.25 BTC every
~10 minutes.
For the record, I agree that early Bitcoiners took an incredible risk on a highly volatile asset and they should be rewarded for such.
As I see it, this latest banking crisis is showing the world that there is more than one type of risk. Bitcoin has market risk but not counter-party risk.
As for bank deposits, while they have minimal market risk, they have significant counter-party risk.
The world is waking up to the fact that bank deposits are an unsecured loan to a risky counter-party that uses those deposits for highly leveraged speculative bets.
For the record, I agree that early Bitcoiners took an incredible risk on a highly volatile asset and they should be rewarded for such.
As I see it, this latest banking crisis is showing the world that there is more than one type of risk. Bitcoin has market risk but not counter-party risk.
As for bank deposits, while they have minimal market risk, they have significant counter-party risk.
The world is waking up to the fact that bank deposits are an unsecured loan to a risky counter-party that uses those deposits for highly leveraged speculative bets.