Wild? Bitcoin 10-year rolling return. Money, not debt. “Bitcoin has several monetary properties. It is directly transferable between holders, divisible, fungible enough for monetary use, scarce by rule, and it can settle without reference to another asset. When one bitcoin moves from you to me on-chain, the bitcoin itself is the thing transferred and the transaction can be final. A Treasury bill or bond is instead a contractual claim on the U.S. government. Its value comes from promised future dollar payments. If you own a 10-year Treasury, you do not own dollars; you own a security that entitles you to dollars.” ~ ChatGPT
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