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Alias Born | 02/11/2011 |
Tuesday, May 03, 2022 11:30:16 AM
Gold IS inflationary. Other than it's limited uses they keep mining more and more every year with most gold EVER MINED still floating around. Without use cases like jewellery, electronics, etc.... it's actually becoming worth less over time
Bitcoin has none of the physical problems of gold like massive storage/housing, transportation, security, being melted down and becoming untraceable, mine sites in hostile countries, all the hands that take a little (stealing by workers, all the way through corrupt governments taking a taste, kickbacks, beholden to local communities who fight mine development because that gold is there.. not mobile like renewable energy farms.
Those who think Gold is better than Bitcoin.... well, good luck. Look at the performance of each over the past 10 years. Look how many Professional Money Managers are reluctantly coming to the conclusion that Bitcoin is the path forward. Change isn't easy but those that don't usually become dinasours.
Bitcoin is capped at 21 Million... forever. As demand increases (think Elliott Wave),
https://www.elliottwave.com/Free-Reports/Elliott-Wave-Video-Crash-Course?rcn=MSCrashClub&tcn=ewtheoryms1&sc_camp=C888986D47A440679E51EF9888D76F31 it will keep trending higher and higher over time.
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