Why "Buy, Borrow, Die" Doesn't Work for Bitcoin

3 years ago
20

Many Bitcoin maximalists proudly proclaim they will never sell their bitcoin. This is founded in the belief that it will eventually be worth many times more than what it is worth today. And in fact, if it does become universal money, it will absolutely have to be worth much more than it is today. However, given the fact that the best case scenario for bitcoin is that everything else is priced in BTC terms, the "buy, borrow, die" strategy will both cease to work and cease to be a profitable or beneficial one to use.

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