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Stocks -> can be seized by governments where the exchanges or actual companies are based. Gold -> Good, and Bitcoin is like Gold in many aspects. While it does
by RestlessMind 3y ago
Stocks -> can be seized by governments where the exchanges or actual companies are based.
Gold -> Good, and Bitcoin is like Gold in many aspects. While it doesn't have Gold's history yet, it has a few other qualities like easy transferrability and divisibility.
Other assets -> Like? ForEx is at the mercy of issuing government (just ask Russia who lost ~300B$). Land can be seized if it's outside one's jurisdiction.
In general, Bitcoin (like Gold) is a great asset to park some fraction of your wealth as a hedge against geopolitical risks.
- int_19h 3y agoBitcoin is not like gold in one important aspect that chiefly matters for a long-term store of value: it's much more volatile.