Post
Topic
Board Speculation
Re: Monthly updates and thoughts about the market
by
Sanugarid
on 04/08/2020, 17:35:25 UTC
<...>
I wonder if something (even Bitcoin) could be a hedge in case we are hit by the biggest recession in 100 years? Of course, anything other than fiat is a better option in this case - so there will be no better test for Bitcoin than what is being prepared.

Gold has proven a good Store of Value over the last 4,000 Years. It has proven itself against local and global wars, pandemics, discoveries of new worlds (contintents). Bitcoin has been around only since 10 years. It has massive challenges to overcome to be continued proven as a good SoV, but I am confident it will be able to overcome those, one by one, becoming a truly digital, better, gold.

On the other way around bitcoin has established a good stand in the market to all people who knew it, a decade of a great venture, through negative opinions to scam accusations, bitcoin is what I called a 'tilt proof' asset, at least just for me. Gold is seen as the very standard of wealth for ages, bitcoin cannot just take that from gold, and we should not be letting there be to have a two sided idea of which is which. I believe that one day, people will be talking about bitcoin casually. If you said "better gold" rather than " better, gold" I'm gonna completely disagree with that lol. Yearly test coming on its way for bitcoin, what you guys expect this year?