Does anyone have any idea how many people are using gold as a store of value vs btc? And how long do you think until we have the same user Base as holders of gold?
I think the country that has been spending a fortune on gold lately is Russia I read article somewhere that the president has been buying and storing tonnes of gold bars over the year although I do not know what its meant to do. Maybe staboilize the rubles against the dollar since the price of one ruble to dollar is kinda high
The Russian government sometimes makes very unpredictable actions. If bitcoin was legalized in Russia, maybe the government did not buy gold bars. I prefer to keep my capital in bitcoins, because it is much more profitable than gold