Max on Nostr: Bitcoin in your wallet **is** a present good whose utility you are consuming right ...

Bitcoin in your wallet **is** a present good whose utility you are consuming right now: its liquidity, its speculative entertainment value, its peace of mind against uncertainty. The economic distinction isn't between "consumer goods" and "non-consumer goods" but between hoarding (consuming the present utility of holding) and investment (exchanging present goods for future goods plus interest), and only the latter expresses time preference in the technical sense.