In what ways do the historical narratives and cultural perceptions surrounding gold as a traditional store of value intersect with the emerging narrative and evolving cultural perception of Bitcoin as a digital store of value, and how might these intersections shape the future landscape of global wealth preservation?
Thank you for sharing your insights and perspectives!
I don't see any intersection. Gold is a physical store of value, while Bitcoin is a digital store of value. There's no collision here. The investors could choose to invest in both gold and Bitcoin. Global wealth is growing not because of buying and hoarding gold and/or Bitcoin. The global wealth is growing because of capitalism. Capitalism is basically investing money into physical capital(buildings, machines, technologies, raw materials, etc.)>producing goods and services>selling them>getting profit and reinvesting that profit. I don't care about cultural perceptions and historical narratives. Maybe you should ask a historian or a sociologist about this subject.