I sense a “hope” overlay on a couple of your interpretations, but why not!? 😁 with an asset class that is so young and untested, bitcoin deserves a little flexibility. The only trouble is if it doesn’t go the way some speculators “hope” you don’t even get the benefit of the “lustre” of gold, or the vibrant colour of growing tulips…
Sounds good but I have made the point many times that gold the metal ain’t worth $2,400. The metal is probably $500 to $1,000 if you’re lucky. Gold the monetary assets is a different ballgame. Bitcoin is the second half of that. Zero physical value, pure monetary and network value.
I agree conceptually, and the escalation of bitcoins price has been stratospheric whereby returning to $30k has people suicidal, whereas gold can’t reach $3k…I’m still finding it hard to decide if the Emperor has any clothes or I’m just being told he has clothes…
I sense a “hope” overlay on a couple of your interpretations, but why not!? 😁 with an asset class that is so young and untested, bitcoin deserves a little flexibility. The only trouble is if it doesn’t go the way some speculators “hope” you don’t even get the benefit of the “lustre” of gold, or the vibrant colour of growing tulips…
Sounds good but I have made the point many times that gold the metal ain’t worth $2,400. The metal is probably $500 to $1,000 if you’re lucky. Gold the monetary assets is a different ballgame. Bitcoin is the second half of that. Zero physical value, pure monetary and network value.
I agree conceptually, and the escalation of bitcoins price has been stratospheric whereby returning to $30k has people suicidal, whereas gold can’t reach $3k…I’m still finding it hard to decide if the Emperor has any clothes or I’m just being told he has clothes…