I do believe that every asset ends up being valued in Bitcoin or sats
& the only assets in crypto holding true to this so far are a tiny asset class on Bitcoin
Which is heavily scorned today by CT btw
& no 1 else ever heard about it
See how this evolves over coming 5-10 years
Itâs even scorned by some Bitcoin-as-cash âmaxisâ who didnât move over to Bitcoin Cash (BCH)
Bc these assets are supposedly network spam
Even tho the âspamâ isnât competing whatsoever with other-on-chain BTC txs bc these people are just hoarding BTC as if it were digital gold
And by people who donât hold BTC in the first place but are telling others that Bitcoin isnât supposed to be a place to store assets on
Despite clear precedent in Genesis block
Punks are still down 75% vs BTC since 2021 peak btw
But no one wants to talk about the nft to BTC ratio unless itâs a Bitcoin asset
See how we roll
"Why buy an asset on Bitcoin when BTC is such a strong asset?"
For the same reason you might buy a crypto or IRL asset anyway.
But at least there's the added benefit of being on Bitcoin & not an alt.
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