Quote from: DanWalker on Today at 12:47:14 PM

Quote from: shinratensei_ on Today at 04:58:41 AM

Quote from: DanWalker on August 11, 2025, 01:11:56 PM

Are we doing this again?

There have been so many threads comparing bitcoin and gold, aren't you tired and what do you expect when you say this on the bitcoin forum? No matter what you say, there is one fact that you and those who are biased towards bitcoin cannot change. Gold is still the most treasured asset in the world and the only safe haven that investors will turn to in times of world turmoil, not bitcoin. Gold has a market cap 10 times larger than bitcoin, that is not going to change anytime soon and probably never will. No matter how large the gold supply is, it will never be enough to satisfy the world's thirst for gold, and they will not get bored of gold for that silly reason. The demand for gold will continue to increase and no other asset can keep up.

Yeah gold is the precious until we discovered technology to drill asteroid and then suddenly we got a moon sized asteroid full of gold and the price slashed to 1/4.
There are many space drilling company on the making right now. So, I want to bet on the limited supply of bitcoin which is safeguarded by math instead of fake sense of scarcity that gold has offered which could change in the near future for all i know. At the end of the day, people are free to choose their asset to invest in.

The potential and value of gold is not determined by its supply but also by the practical applications it brings to the world. Most of the gold supply exists in the form of jewelry, luxury items and that is also considered a form of investment in gold. The remainder is used for national reserves, investment (ETFs) and industrial use. That is why I say that no matter how large the gold supply is, it cannot satisfy mankind's thirst for gold and they will not get bored with gold if they do not find an alternative.

Can Bitcoin be used in jewelry, electronics industry? Bitcoin will never be able to compare to gold in demand.

Сan gold be used for services that humans need, not the daily-daily ones, but many that are truly there and can be done using BTC? Wink