Is the gold vs bitcoin debate still a thing? | Crypto Craft

  • Is the gold vs bitcoin debate still a thing?

    From kitco.com

    Is this the end of the gold vs bitcoin debate? The crypto sector has had a massive capitulation of late with some hedge funds closing down, brokers stopping withdraws, and some other serious issues. Prior to the recent price drop, there were many research notes looking at the case for bitcoin to be treaded as a safe haven play over gold. We are not really hearing too much of this now. Gold has serious uses in the economy. Central banks use gold, and many investment banks and hedge funds allocate gold in their portfolios and vaults. Of course, some use crypto too. In Feb 2009, U.S. investment bank analysts at JP ... (full story)

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Goat
Jun 30, 2022 11:54am
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There never was a real debate. There is, however, an undeniable sameness. Both are mineable stores of value with limited supply and no intrinsic value, and that's just for starters.

The big difference is that gold is way fucking older than bitcoin. Our great great great grandkids might see bitcoin the way we see gold today.

I'm talking about BTC here. There exists a coin that could have intrinsic value, as a cash system, per bitcoin's original design. That coin is BSV.
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