It's simple only 100 million people have it. It's a global asset in a world of inflation. Nothing is certain but if even 1/3 of the world wants it then the number goes up.
Wouldn't it work in reverse too? If we all start perceiving bitcoin as worthless, then it shall be so. Gold doesn't rely on perception to have value because it has utility outside of being a store of value.
Also, consider people who have to flee their country with their life’s value in gold. That will be confiscated by border patrol, if you get that far without it being stolen. A famous story of an Middle Eastern woman who fled her country and had everything stolen from her on her travels. But she remembered 24 words and was able to gain access to her bitcoin once safe
Bitcoins utility is that it provides near instant permissionless final settlement of value across space that is censorship resistant. No other asset class does that. This alone gives it value.
Get Bitcoin, get Gold, hold Cash, buy property. The key thing is to diversify and be content with your lot in life otherwise no amount of wealth will make you happy!
These guys pushed Bitcoin at 50,000$
It's simple only 100 million people have it. It's a global asset in a world of inflation. Nothing is certain but if even 1/3 of the world wants it then the number goes up.
we do not all perceive it (bitcoin) to have value
Both are stores of value to protect wealth. If not for the inflating fiat currencies, neither would move in value very much.
“And if we perceive it to have value, it will be so”.
Bitcoin = Fools Gold
bitcoin is a question not an answer
How can anyone say Gold has done its job? Hold can’t break $2K.
gold is still the answer
Wouldn't it work in reverse too? If we all start perceiving bitcoin as worthless, then it shall be so. Gold doesn't rely on perception to have value because it has utility outside of being a store of value.
Also, consider people who have to flee their country with their life’s value in gold. That will be confiscated by border patrol, if you get that far without it being stolen. A famous story of an Middle Eastern woman who fled her country and had everything stolen from her on her travels. But she remembered 24 words and was able to gain access to her bitcoin once safe
Bitcoins utility is that it provides near instant permissionless final settlement of value across space that is censorship resistant. No other asset class does that. This alone gives it value.
True but fysical gold is hard to pass on if you are not near to It. People/ families are all over the globe these days.
Bitcoin is simply honest accounting.
No government can ever issue more of it.
Gold is for chumps. So is BTC.
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Is it really scarce when you have cryptos like Litecoin that have the same codebase and therefore do everything that Bitcoin does.
you can't buy gold or btc with no money
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Get Bitcoin, get Gold, hold Cash, buy property. The key thing is to diversify and be content with your lot in life otherwise no amount of wealth will make you happy!
Thanks for watching!