"I've seen you over the past year pushing crypto, obviously you're excited over it. "
- I seek never to "push", only to inform. And I'm not "excited" over it, I just see from watching and studying since 2017 that it is inevitable.
"it's (gold) NOT supposed to be an investment, but rather insurance"
- Excellent point, because that it is, but many see it as an investment. Good on you for eyeing the difference.
"gold and silver have been valued for 5000 years"
- Yes, and the vast majority of that time was vastly less technological than today is. Once we went to cars, we'll never go back to horse and buggy. Once we went to internet, we'll never go back to no internet. And now that we can something with many of the good qualities of gold without the hinderances of gold, we will not go back. The move toward digitization of all assets is happening at full speed as we speak, I promise you that. See what Chainlink is doing.
"with ledgers everywhere and in everyone's hands, it (Bitcoin) cannot be manipulated?"
- There is some concern that in 10-20 years, quantum computing could be a threat, but estimates for Bitcoin price at that time are in the multiple millions, and one would be wise to redistribute their profits before that.
"why is it that Bitcoin is also displayed visually as a shiny gold coin?"
- Because we humans are simple creatures with primitive minds and can't fully grasp value that doesn't look at all like value we're already familiar with. So people make pictures newbies can relate to because explaining blockchain ledgers is not going to stick for most.
"I don't even really trust my BANK to be there if worse comes to worse"
- Very wise, and no one should.
"My COOP stock sits in Charles Schwab, and I feel the risk is low, but what if Schwab folded unexpectedly?"
- Excellent point. Schwab is your 3rd party custodian you must have faith in, and in that you've just pitched Bitcoin. Bitcoin can be owned and transferred to the other side of the planet for next to free, nearly instantaneously, and can be done without the need for a 3rd party.
"And Blackrock? Excuse me, for feeling less than warm about them"
- Well duh lol. Of course not, they're the devil. That's irrelevant. They have power, control, and influence over the world's financial culture, and THAT is the point. They will always win. I'm not advising you love them, but it's wise to follow what they're doing.
"spread your risk around"
- 100% agreed
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Thanks for your thoughts.
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