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I’d also add that buffet hates the concept of gold. Aside from a socially acceptable form of modern middle class gambling in my opinion the primary use case of
by htormey 9y ago
I’d also add that buffet hates the concept of gold. Aside from a socially acceptable form of modern middle class gambling in my opinion the primary use case of crypto currency is a store of value.
Aside from the amount of time it’s been in existence what is the difference between gold and something like bitcoin? Only ~4 of gold is used for industrial purposes the remainder is used for jewelery and stuff like bullion. Basically stores of value. It trades at a premium above its cost to extract, store and transport.