Sovereign Individual on Nostr: #Bitcoin > Gold For the attributes that make a monetary good suitable as a store of ...
#Bitcoin > Gold
For the attributes that make a monetary good suitable as a store of value, #Bitcoin is superior to gold along every axis except for established history. As time passes and the Lindy effect takes hold, established history will no longer be a competitive advantage for gold. Thus, it is not unreasonable to expect that #Bitcoin will approach, and perhaps surpass, gold’s market capitalization in the next decade. A caveat to this thesis is that a large fraction of gold’s capitalization comes from central banks holding it as a store of value. For #Bitcoin to achieve or surpass gold’s capitalization, some participation by nation-states will be necessary.
For the attributes that make a monetary good suitable as a store of value, #Bitcoin is superior to gold along every axis except for established history. As time passes and the Lindy effect takes hold, established history will no longer be a competitive advantage for gold. Thus, it is not unreasonable to expect that #Bitcoin will approach, and perhaps surpass, gold’s market capitalization in the next decade. A caveat to this thesis is that a large fraction of gold’s capitalization comes from central banks holding it as a store of value. For #Bitcoin to achieve or surpass gold’s capitalization, some participation by nation-states will be necessary.