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> “But Nick, Bitcoin doesn’t have any intrinsic value!” Well, guess what? Neither does gold which has a $10 trillion market capitalization! Gold has many app
by franky47 6y ago
> “But Nick, Bitcoin doesn’t have any intrinsic value!” Well, guess what? Neither does gold which has a $10 trillion market capitalization!
Gold has many applications beyond its monetary association. Its electrical and chemical properties make it a key element in building circuit boards, ironically, for the machines that make Bitcoin possible.
- dwaltrip 6y agoWhat portion of gold's value comes from non-monetary demand (e.g. electronics, jewelry, etc.)? A few years ago I tried to answer that question and I remember getting a pretty low value, something like 10% or 20%.