I would like to know your views on BTC and gold:
- Are you investing in BTC or gold?
- Do you think BTC has become more attractive than gold in the investment sector?
- Have people like Peter Schiff accumulated a lot of BTC while still badmouthing BTC in the media?
1. Why do you use "
investing in BTC or gold" in the question? There is nothing stopping from combining investing in traditional gold and digital gold, as the
"gold mining company Nilam Resources" plans.
On a forum called
bitcointalk, you are unlikely to hear many confessions about investing in gold.
2.
I would say bitcoin is becoming more attractive in the investment sector with each new cycle.
3. This is not excluded. No intelligent investor would publicly voice their investment strategies, because this is the same as playing poker with their cards exposed.
That's true and that is because development on the protocol will progress, second layer options will further emerge and improve and utility is increasing with BTC's volume and price.
Everyone who has been traveling to countries in the recent past where BTC ATMs are located, probably has had a positive experience using BTC. I mean it depends on the fees of those ATMs of course and some of them are just too expensive and not really feasible. But still BTC is the most liquid and mobile asset you can have at the moment (next to fiat of course). But BTC doesn't have a limit in terms of capital mobility. If you want to take a billion dollars in BTC with you, you can go wherever you want and nobody will and can stop you from carrying it with you and using it abroad. Try getting a billion dollars in gold bars out of the country, or in cash. Or try it with some pieces of art, or a watch collection. Try it with a bank transfer.
There is simply no way that any of the physical or digital assets running on legacy systems infrastructure could give you the advantages that BTC gives you. As more people realize that, adoption will further increase, then in turn increase utility, which then further drives adoption.