Deflating currencies are bad for day to day transactions because no one wants to spend them. Economic man will discard whichever currency has the worst inflation. However if you’re buying a Tesla, you aren’t doing it because you think it has a good ROI monetary-speaking, you’re doing it because you want a Tesla.
There may be cases of people who are fucked on cryptocurrency taxes due to excessive transactions and being able to buy a Tesla could be a nice parachute to exit their situation.
The most rational part of this situation is Tesla deciding to accept cryptocurrencies for payment. Appreciating currencies boost the balance sheet more than depreciating currencies.
There may be cases of people who are fucked on cryptocurrency taxes due to excessive transactions and being able to buy a Tesla could be a nice parachute to exit their situation.
The most rational part of this situation is Tesla deciding to accept cryptocurrencies for payment. Appreciating currencies boost the balance sheet more than depreciating currencies.