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Anything’s possible but gold is useful and has intrinsic value. Bitcoin isn’t very similar. I don’t think one implies anything about the other.
by eli 4y ago
Anything’s possible but gold is useful and has intrinsic value. Bitcoin isn’t very similar. I don’t think one implies anything about the other.
- mancerayder 4y agoGold used for jewelry or industrials is a fraction of the overall yearly production of gold though. So it's mostly used as speculative instrument to store value (assuming this sentence is allowed with those two clauses together).
- andirk 4y agoGold is by far mostly used as a store of value. Bitcoin is by far mostly used as a store of value. Next.