Quote from: nullama on April 23, 2025, 04:13:07 AM

I think this is just a short term noise in the price, really.

In the long term, I clearly can see that Bitcoin will continue to rise.

For example, I can see that when countries start to ask for their gold reserves being held in other countries, and they are not sent, there will be a clear update in Bitcoin, and less trust in gold.

That's just one example that I think will happen in the next 5-10 years.

I hope so. I mean, that's what everybody wants. For Bitcoin to become the next digital Gold. But for that to work, governments, banks, and institutional investors need to ditch Gold for good. Such a transition doesn't happen overnight. BTC will get there at a slow and steady pace.

One of the main benefits of BTC vs Gold, is the ability to track coins on the Blockchain (it's a feature, not a bug). You see, governments with a Bitcoin reserve will be able to track all of their holdings in a breeze. They will also be able to provide proof to the public if they want to. With physical Gold, they need to weigh and count everything to manually input the data on the system. Gold reserves also need to go through a lenghty auditing process. Then there's the problem of the added bulk of holding so many Gold bars and coins. With Bitcoin, you can carry millions (if not, billions) of dollars on a small piece of paper or digital store medium hidden from plain sight (portability).

Let's see what happens within the next 10 years. At the pace Bitcoin is growing, I'm sure it will surpass Gold's market cap soon. Cheesy