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Some people think of Bitcoin as a "store of value", comparing it to gold.. I have a question to people who believe that - What do you think will be the value of
by 6d6b73 5y ago
Some people think of Bitcoin as a "store of value", comparing it to gold.. I have a question to people who believe that - What do you think will be the value of bitcoin in 100 years? Do you think your descendants would be happier with $50k* worth of bitcoin or with $50k* worth of gold in 200 years? How about 500 years?
*$50k bitcoin/gold if bought today
- xtracto 5y agoMeh... there were some bonds provided by the Mexican government between 1850 and 1951 that at the time seemed like a good investment and now they are worth nothing [1]. Different instruments for different goals. I would hold BTC for a 100 year horizon. I wouldn't hold it for a 500 year horizon. Actually I would not hold any asset for a 500 year horizon (including gold): I don't have kids and I don't think I will have to worry at that time. [1] https://www.banxico.org.mx/marco-normativo/d/%7B097567D4-647C-0071-0E93-55D887D1E54E%7D.pdf https://www.banxico.org.mx/marco-normativo/d/%7B097567D4-647...