As technology advances, precious metals have a looming expiration date when they will cease to be a useful store of value.
There will only ever be 21M bitcoin.
Save accordingly.
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Gold reserves are enormous. The reason gold has remained expensive for millennia was primarily due to the limitations of technology; finding, mining, and smelting gold were all extremely difficult. However, with technological advancements, these problems have been easily solved, significantly reducing the difficulty of obtaining gold. Consequently, the price of gold has also decreased considerably.
And yet gold is running and bitcoin is flat and has people worried about quantum. You don’t have to worry about quantum seed phrases with gold. “But yough can’t moov 100 million dollars worth of gold through an airport like bitcoin” great. Who has 100 million? Like 6 people, 5 of whom aren’t into Bitcoin.
Dude, you've misunderstood the word "running" Previously, 10,000 Bitcoins could only buy two pizzas, but now 10,000 Bitcoins can buy 2,000 pizza restaurants. So, who's really "running "?
Last OZ of gold I purchased was $1950, it’s $4600 less than 2 years later. it’s running. Almost nobody alive has 10k bitcoin.
Well, hopefully gold will continue to bring you this kind of joy.🤝
Keep in mind that I don’t own any gold anymore, I just like to point out the absolute RIDICULOUS scenarios people use for justifying bitcoin.
Meanwhile we’ve got illegal somalis bringing 750k in cash through the airport like they’re Jordan Belfort’s Aunt.
Yup! And it will continue to lose its monetary premium against better stores of value like bitcoin as it continues to become less scarce.