Bitcoin is Austrian economics in code
People say Bitcoin has no intrinsic value or is just speculation, but if you look at it through Austrian economics, it actually makes perfect sense.
Why Bitcoin is Austrian to the Tee:
- Money emerges from the market, not the state (Menger). Bitcoin wasn’t created by a government or enforced by law—people voluntarily adopted it.
- Sound money requires scarcity. Fixed supply (21M), transparent issuance, no debasement. Harder than gold because scarcity is enforced by math, not politics.
- Central banking causes distortions (Mises/Hayek). Bitcoin has no central bank, no interest-rate manipulation, no bailouts, no money printer.
- Time preference matters. Inflationary money rewards spending and debt. Bitcoin encourages saving and long-term thinking.
- Value is subjective. Austrians reject “intrinsic value.” Bitcoin is valuable because people value censorship resistance, portability, and monetary sovereignty.
- Denationalized money (Hayek’s dream). Stateless, borderless, permissionless money competing with fiat.
- Real property rights. Self-custody = true ownership. “Not your keys, not your coins.”
TL;DR:
Bitcoin removes monetary central planning, enforces sound money, and aligns incentives toward saving and long-term capital formation.
Bitcoin is Austrian economics expressed in software. That is why we gentlemen & ladies invest in BTC, we believe in a better system of money.
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