Re: Will Gold and Silver lose all its speculative value to Bitcoin?
I completely disagree. Bitcoin improves on gold for every property. Bitcoin is an evolution over gold. Cryptocurrencies are an evolution over PMs.
How does Bitcoin has "counter-party-risk" anyway? You can store your own private keys, it's actually easier than storing your own gold in sufficient quantities.
And stability? I think that's overrated, but at some point the value will stop its explosive growth.
Think we'll just have to agree to disagree.
Bitcoin has "counter-party-risk" because it's digital. Requires electricity, among other things. If all the lights go out, Bitcoin is useless but gold will still be extremely valuable, as it's been for thousands of years. You can't digitally evolve gold. You can digitally evolve fiat currencies, but not gold. well gold can be filled with tungsten so it has "counter-party-risk" as well