RE: Is Bitcoin Becoming The New Gold?
You are viewing a single comment's thread:
Gold is a different type of asset class that will hold value for time to come, Bitcoin was developed, is not a tangible asset class where value will be determined by the user.
@tipu curate
0
0
0.000
Upvoted 👌 (Mana: 98/112) Liquid rewards.
I think they both useful to have my issue with gold is it’s only a protection asset I can’t access lending markets the way I can with Bitcoin and I can go out and get interest on it
If I had a lot of wealth I’d sure store some of it in gold but I want to make my assets work hard over time.
Perhaps we’ll see gold be tokenised eventually I just don’t know how you would manage supply and would the bid it up to the moon destroy the paper markers
Posted Using LeoFinance Beta
Since paper money was no longer backed by gold it has only made governments and print presses "richer", it is worthless paper with fancy trimmings.
Store of value is in technology behind digital which will come into fruition depending on use.
Gold became valuable due to social construction with man enjoying the shiny metal historically.
Buyer/Seller is where value is held, people will decide, a bit of both makes a better package if one is able today.
Moving forward into future is going to be interesting how we trade.