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!
Comparison has always been clumsy, it shares some charactericts loosely similar to gold, as it shares them with fiat money. Yet gold is the best real world comparison we got, until bitcoin becomes self explationary.
Gold is store of value, because it's scarse, it was able to be used for many things, with just basic tools. These days other materials have mostly replaced it, but it has stayed as a symbol, and still can be used for extraoridinary things without complex tools. It's hard to use for replacing fiat money, as price of it would grow and afaeww
Digital gold is more of an example