CodyEllingham on Nostr: I think you nailed it. "We may save and think long term" ... but we are not as ...

I think you nailed it. "We may save and think long term" ... but we are not as motivated to actually act with that Bitcoin capital and invest it in productive businesses.

If I read their argument correctly, this is one of the reasons no supply chains or factories are being built on Bitcoin standards - the price is too volatile, even if it is increasing in value.

My new factory's suppliers and employees risk a 20% bonus or a 20% haircut which is just too much risk for their balance sheet, so we end up settling the contract in fiat!

It may well be a temporary phase, but interesting to study.