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you know what is an even better store of value? Just buying across the S&P 500. Treasury bonds also work. I can understand going for Gold or BTC if you do not
by rtpg 9y ago
you know what is an even better store of value? Just buying across the S&P 500. Treasury bonds also work.
I can understand going for Gold or BTC if you do not have reliable access to US financial markets, but if you do have this, there's no reasonable financial argument for using BTC as your store of value.
If the dollar falls apart, you won't be able to use BTC.
- resf 9y agoThere is no "better" or "worse". The S&P500 is less volatile than Bitcoin, the flip side of that is that historically Bitcoin has appreciated relative to the S&P 500. Bitcoins are far more practical than an S&P500 ETF. For instance, I can carry bitcoins across a border, whereas if you want to move shares across a border it will involve a lot of paperwork -- if you are a US citizen it may be impossible due to FATCA.
- dragonwriter 9y ago> Bitcoins are far more practical than an S&P500 ETF. For instance, I can carry bitcoins across a border, whereas if you want to move shares across a border it will involve a lot of paperwork -- if you are a US citizen it may be impossible due to FATCA. You seem to be comparing like what is physically possible with one with what is legally allowed with another; it's physically possible, and you'll probably usually get away with it, to carry stock certificates across most borders. Conversely, I haven't seen ant set of customs allowances which permit travellers to legally carry bitcoins across the border (and those rules tend to be “everything not specifically permitted is prohibited”.)