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Quote from: Mansory22022 on May 04, 2025, 08:14:29 PM

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There certainly seem to be a shift happening with how institutions evaluate gold versus crypto. Crypto delivers transparency and worldwide liquidity that gold just can't match in the digital era but I still think gold maintains value as a hedge and a physical asset, Banks moving into crypto makes sense strategically but I wouldn't rule gold out totally just yet.

There is also a digital version of gold so anyone can buy gold digitally and physically like buyers of the past and the banks moving into crypto is really part of the banks’ own awareness of Bitcoin so banks are starting to make decisions that are surprising to many people because maybe the banks have been very impressed with the transparency system in Bitcoin. So this could be a breakthrough for banks because previously banks didn’t really like Bitcoin, but in the end they also had to admit that the system in Bitcoin is the best and they are starting to want to move to it.

Does it help to proclaim that there is a digital form of gold, when that is not true?

Sure, there has been various gold representations that would be claims on gold, but they are not actual gold because gold is not digital, there are likely hundreds of claims on each ounce of physical gold, and these have been ways to manipulate the gold for decades, since it is also much more difficult to claim possession of the actual physical gold, which is physical not digital. How easy is it to move $100 million worth of gold around as compared with moving $100 million worth of bitcoin?

Bitcoin's being digital by nature brings it advantages, especially in the transportability sense, yet also in almost all aspects of money except for the tangibility sense, which surely we are figuring out that the tangibility aspect of moneyness is not as important as some folks would like to proclaim it to be, since it is even difficult to verify that the physical thing that we hold is actual gold rather than fake gold, and sure there are likely already markets that make more bitcoin representation than actually exist by making multiple claims on the same bitcoin, so in that regard there are going continue to be attempts to manipulate bitcoin's supply, even though bitcoin is easier to take possession of than gold.. there are still a lot of folks who choose not to take possession of their claims on bitcoin and they allow their bitcoin to be held with third parties who are not necessarily being transparent in regards to what they are doing with the bitcoin that they claim to have.

this line i bolded is the more reason i love bitcoin than gold, because i have thought about how risky it is to stack a huge amount of gold in the house compared to stacking bitcoin worth of billions in wallet, also how risky is to identify if that is actually a real gold. bitcoin is easily sold at ease at the comfort of your zone with one click on exchange via p2p, but selling gold may cost a lot to transport to look for a buyer, and the risk of getting robed along the road is also possible on like bitcoin that is easy and more secured. the price of gold might be manipulate and reduced by the physical buyer to suit him especially in the location where there are no much buyers for him to make profit, but on like bitcoin the price to USDT and fiat can not be manipulated since p2p price of buyers and sellers dont have much price difference, you dont need to stress yourself. another advantage of bitcoin over gold is that in times of war or natural disaster, you dont need to be afraid of losing your bitcoin since you have the seed backed up somewhere, you might even lost access to your phone may being stolen or fell off to the beach, after evacuating the location all you just need is to buy a new phone and import your seed an that's just all. but if natural disaster occurs and you have your gold stacked up somewhere, you will never have rest of mind because all your gold may be lost to the disaster or being stolen by people who come across it in anyway. so in general bitcoin is more advantageous than gold. i believe many have never seen it from this angle but if they do, they will have the reason to invest more in bitcoin than gold.