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Topic: Bitcoin value more if no Altcoins or not - page 5. (Read 680 times)

legendary
Activity: 1064
Merit: 1298
Lightning network is good with small amount of BTC
March 10, 2022, 04:19:40 PM
#1
I have just created a topic in Economics, but it is more about how bitcoin can be a bulwark against inflation and the inflation in EU. We all know how people that hold bitcoin for long time have made profit from their bitcoin holding, we all know that as the fact and truth. But how about this quote:

“Contrary to fiat currencies other widely available investment assets and even gold, Bitcoin’s value cannot be negatively impacted by the issuance of new coins. This constitutes a solid base and makes Bitcoin an interesting asset in a context of higher inflation.”

Is it true that bitcoin is not affected by the altcoins? I am thinking it would have been better if only bitciin is existing as it will have more value, though bitcoin can not be compared to altcoins in many ways as it is the first and the giant.
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