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Having spent some time in Argentina I can confirm their economy is an absolute blessing for those rolling with GREAT British sterling in their sky rockets.

Makes the steak, the vino tinto and the kitchen sinking as cheap as chips.

    Smallman1 In 5 years the £ has gone from 47 pesos to 457 pesos, astonishing considering how much the £ has been debased over a similar time period

    ECB nailed it with their impressive foresight, last gasp indeed

    • -si- replied to this.

      Hursty ECB nailed it with their impressive foresight, last gasp indeed

      Oh come on, hursty. I’ve just clicked on the original post tab and if we go ALL THE WAY BACK to Mar 21, we can all read you’ve just bought an NFT to get involved. I won’t ask how your impressive foresight worked out!

      Hindsight is a wonderful thing, especially where investing and the markets are concerned.

      Is crypto any further on as legal tender in any country, being regulated to the extent it’s accepted as payment across the globe and being stable enough for the average joe to consider investing in it? Shirley that’s a no on all counts?

        -si- NFTs were great as mentioned, it was a flash market with lots to be made, luckily I was in at the start of it relatively speaking

        As for the ECB, my point there as with many mainstream outlets is that they constantly try and throw mud at Bitcoin yet it keeps going and gaining momentum. It’s not too much of a stretch to acknowledge it as an investment purely based on a store of value when that is what it has delivered in spades since its inception.

        The ETFs coming in 2024 will open up new liquidity for speculators to gain exposure so we will see how that affects the price as well

          I just filled up my car with Polkadot there on my coinbase card basically a free fill. The whole is it a real currency isn’t important at the moment, fact is you cant print crypto like u can the dollar, crypto actually burns its circulating supply along with staking so not just does it tackle inflation it actually gains value due to the less supply.

          Unless you have had 50% pay rise since 2008 you’re wage won’t have met current inflation. Fiat is fkd and banks no it that’s why those clowns said back in January it going to zero, many here said the same.

          Everyone basically needs a side hustle these days to tackle inflation esp civil servants, we are 46% poorer than 2008 which was our last proper pay rise.

            Funky The £ has lost ⅓ of its value since 2020 mainly due to the printer but it never gets reported. The only reports you get are blaming other geo-political factors such as Ukraine or CPI.

            The bottom line is that every single paper currency since the Ancient Greeks has failed, but remember, this time its different, (said every government who has ever introduced one throughout history).

            Funky is a civil servant? I had him down as someone who uses his hands

              Hursty why is it no doubt? If it was why isn’t everyone investing? Including financial institutions not just joe bloggs on the Street?

              Doesn’t Funky help build roads?

              Fairly sure he does something along those lines.

              Not being disrespectful, just what I remember.

                Hursty so basically back to bitcoins only value being people buy and sell it U.K. make money, no other value.

                If so the stupidity of some investors can continue to raise its value but I doubt to the massive levels you suggested next year.

                  Smallman1 yeah but still classed as a civil servant here, can be hands on or in the office at times.

                  RichM well unfortunately the markets decide what has value, not individuals, so after many years of trading the market says Bitcoin has value traded against any other currency in existence.

                  The current market cap of Bitcoin is greater than Tesla, Meta and Berkshire Hathaway….lets see where it is in 2025

                  https://companiesmarketcap.com/assets-by-market-cap/

                    Hursty A ponzi like nvidia at 1.13 Trillion anything is possible. Reason I say that is the revenue just doesn’t add up for that market cap and China sales will stop in 2025 cutting 25% of revenue.

                    Millsy Funky is a civil servant? I had him down as someone who uses his hands

                    The two aren’t mutually exclusive, especially in Whitehall