no trap, just clarifying ๐
I think there are reasons for US dollars to prefer one asset over another. reasons that are *unique to US dollars* and may not translate if we were denominating prices in a different UOA.
but I think this is probably the crux of what we disagree on ๐
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If you could make point more concrete, that'd help. Cuz yeah, from just a trading perspective I don't get what you mean by "USD favors" something.
If what I want is buying some good or service right now, then scooping some extra dollars up quickly with arb is the move.
If I'm trying to do that over a prolonged holding period (storing wealth across time), then holding onto gold might make sense... If resistance to gov seizure/censorship, then maybe BTC. Feel like I'm stating the obvious, so once again not sure you're point. I wanna understand, but I don't