I do not think that the correlation between BTC and Gold is that simple. But I am too tried to explain and I have other stuff to do.
anon1971wtf on
Simplest explanation: it is not the store of value. It is a store of value. It is in competition with gold/real estate/highly trusted bonds etc in minds of savers. Securing keys is hard, even understanding Bitcoin is hard, so I wouldn’t be surprised for a prolonged low optimum where gold and Bitcoin stabilize at some ratio
For me – digital nature, inconspicousness and multisignability – puts Bitcoin above other tools to store value
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I do not think that the correlation between BTC and Gold is that simple. But I am too tried to explain and I have other stuff to do.
Simplest explanation: it is not the store of value. It is a store of value. It is in competition with gold/real estate/highly trusted bonds etc in minds of savers. Securing keys is hard, even understanding Bitcoin is hard, so I wouldn’t be surprised for a prolonged low optimum where gold and Bitcoin stabilize at some ratio
For me – digital nature, inconspicousness and multisignability – puts Bitcoin above other tools to store value