Is Bitcoin actually without counterparty risk though, or is it the asset/commodity with the least amount of such risk?
I mean this in the most fundamental sense: can we think of the electrical grid and energy availability as counterparty risk or would this not make sense since literally every process of the modern economy relies upon it?
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There’s only one risk: developers.
Bitcoin is not without counter-party risk, but it is the least risky vs everything else (in my opinion)
A boomer long US bonds and Apple stock, by the very definition of their portfolio choice, thinks otherwise