Post
Topic
Board Economics
Re: Bitcoin vs Gold: The Age Old Debate
by
3eme
on 02/03/2015, 18:33:13 UTC
Gold and all other currencies are objectively shitty and deprectaed when compared to Bitcoin.

https://d262ilb51hltx0.cloudfront.net/max/800/1*8mimpqX08rd9eyToEgLQzg.png

The chart misses the crucial point which is that gold is very widely and tightly held, so many people think of it as money, not so many see bitcoin that way. In addition, gold is the other big asset on central banks balance sheets in addition to foreign currencies, it will be used to recapitalise nations after the next crisis I think we all see coming.