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Regarding the false explanation being given about Bitcoin corrections, please do not confuse payment promises (paper issued for Bitcoin) with real assets (Bitcoin).
The existence of 1,000 promises for 1 BTC does not change the marginal utility of BTC.
It only changes the risk that those 1,000 claimants will discover that the issuer does not have enough BTC.
Does gold lose value because your friends break their promise to pay you in it?
You can promise a thousand deliveries of one unit of Bitcoin, which will only affect the confidence that the issuer will respond, but never the marginal utility of the asset (Bitcoin), whose price will be determined solely and exclusively by the interaction of supply (100% inelastic) and demand (elastic to the market) of the UNDERLYING asset (real asset). The same applies to gold and other assets.

Alejandro Gómez T.
@alejandrogomezt
02-05
#ULTIMAHORA Mucha gente se pregunta por qué Bitcoin se está derrumbando📉 y la respuesta no está en el “sentimiento”, ni en el “ciclo”, ni en el FUD de siempre.
El problema es estructural ⚠️ y tiene que ver con cómo hoy se forma el precio.
• Antes, el precio de BTC se

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