MFG magellan financial group limited

Ann: Funds Under Management - October 2021, page-121

  1. 972 Posts.
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    How will you control the supply side.? Who are these people controlling the supply side? When they reach 21 million, why can’t they start Bitcoin Version 1 and 2 and 3 to go on. As it is too many other crypto currency’s are popping up without any control. FIAT money you are talking about are still controlled by various central banks. If the economic advantages of that currency is no longer available, market will deal with it in time like in those African countries and South American.
    I get it your comparison to gold, but your gold supply above ground increases only by small fraction every year. There is automatic supply controls.
    I have also read articles to say it is wrong to compare crypto as a currency, it needs to be considered as alternative to gold.
 
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