Post
Topic
Board Bitcoin Discussion
Re: Has BTC really become more attractive than gold?
by
CODE200
on 04/04/2024, 09:01:06 UTC
I don't think that you're understanding how long the history of value that the gold have in human history, it's been the reason why a lot of wars have been waged, lands stripped of their life, people getting colonized, and lands being conquered by countries that have a strong desire to get more of this, compare that with bitcoin that's not even a 1% of the age of gold as a valuable asset, I don't think that it will overshadow gold in the popularity aspect, when you ask people that aren't invested in bitcoin to describe a person that's extravagantly and obscenely rich, they're probably going to include gold in their description to that person.
How  I wish that this is not for popularization , 4 million dollar value to  purchase worth of 1.7 billion  Wink
That's not an unusual thing to happen though, most companies can loan large sums of money and that they need, most of the time, the lenders that will let this happen have a really juicy offer that they can't refuse that they allow higher than the company valuation loans and venture capitalists likes this kind of stuff, they thrive on this kind of thing.