maybe but it kinda skews everything and what we see now. The wealth disparity has this own knock on where yeah the wealthy realize the valuelessness of the currency itself so they try to put their money in anything they can. this inflates the value of things (stocks, homes, etc) such that they have no real basis in reality. People invest just to invest and not because they have researched a particular thing and see value. It has value because everyone thinks it has value. bitcoin is like the ultimate embodiment of this as it should be a currency (not really it uses to much energy) but instead its treated like an investment but it has less value than fiat currency (which is backed by taxation)
maybe but it kinda skews everything and what we see now. The wealth disparity has this own knock on where yeah the wealthy realize the valuelessness of the currency itself so they try to put their money in anything they can. this inflates the value of things (stocks, homes, etc) such that they have no real basis in reality. People invest just to invest and not because they have researched a particular thing and see value. It has value because everyone thinks it has value. bitcoin is like the ultimate embodiment of this as it should be a currency (not really it uses to much energy) but instead its treated like an investment but it has less value than fiat currency (which is backed by taxation)