disruptvestor on Nostr: The whole argument of "Gold is better than Bitcoin because it has physical utility" ...
The whole argument of "Gold is better than Bitcoin because it has physical utility" becomes flawed, when +60% of Gold's value is derived from investment & derivative products.
Will Gold bugs hung-up on physical utility, be willing to give-up 60% of the value of their holdings? Probably not. Then, mocking Bitcoin does not make any sense.
In fact, the right perspective is - unlike Gold, #Bitcoin is the only asset that offers undiluted Store-of-Value characteristics.
Bitcoin has one & only one function i.e. to protect your economic energy and its the best at what it does.
Will Gold bugs hung-up on physical utility, be willing to give-up 60% of the value of their holdings? Probably not. Then, mocking Bitcoin does not make any sense.
In fact, the right perspective is - unlike Gold, #Bitcoin is the only asset that offers undiluted Store-of-Value characteristics.
Bitcoin has one & only one function i.e. to protect your economic energy and its the best at what it does.