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Re: Eking4More post# 193915

Friday, 10/08/2021 12:31:39 PM

Friday, October 08, 2021 12:31:39 PM

Post# of 223436
Probably a little aggressive with the timeline but it will eventually become more of a historical oddity as crypto becomes a more evolved medium of exchange and a more desirable on an ROI basis, store of wealth. The genie is out of the bottle on that. The problem with gold is that the main use case for gold is as a store of wealth that as an investor, the return on bitcoin vs gold, even with the volatility which you are absolutely right about, blows away anything possible ever with gold. People are more willing to accept the volatility of bitcoin with the chance that they will be rewarded handsomely by taking that risk as compared to gold which, let's face it, is kind of old and like watching grass grow. No one is saying go all in but if you do the responsible thing and expose 10% of your balance sheet to store's of wealth like BTC or Gold, hands down on a risk reward basis, you have to chose BTC.