Is it even a commodity? Commodities have utility.Hard to be “sound money” when there is no true use for it. Bitcoin is just a commodity, nothing less. It hasn’t been trading well if that’s your thing. Honestly hasn’t gone anywhere in 3 years when you zoom out.
Hi Jeremy,
Interesting question. I got this from Brave AI:Is it even a commodity? Commodities have utility.
Bitcoin as a Commodity
The CFTC defined bitcoin as a commodity because it looks and acts like a commodity. Commodities can be anything, including natural resources, but recent innovation has expanded the classification of commodities to include new developments that represent the same characteristics, such as computer memory and more recently, bitcoin. Bitcoin is interchangeable, meaning each coin is identical. Bitcoin’s price is also driven by supply and demand and is not dependent or influenced by a producer or “centralized entity.”
Do you mean why bother borrowing, just print?MMT explained lolwhy even bother loaning , just print .......
Hi Jeremy,
I am not on Twitter.
What was the story here?
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