Your reasons for gold apply 1:1 to BTC - only Bitcoin fulfills these points better than gold🙃
Gold is the crisis currency and the safe haven not only because of these characteristics, but because gold has played this role for thousands of years and enjoys the corresponding trust. Bitcoin still has to earn this.
Gold is the crisis currency and the safe haven not only because of these characteristics, but because gold has played this role for thousands of years and enjoys the corresponding trust. Bitcoin still has to earn this.
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@stefan_21 I see a little danger in gold, or one reason why gold has come under pressure. That due to the enormous defense spending, countries are slowly starting to sell gold again. And take advantage of the high gold price here. The danger does not yet exist with Bitcoin because so far only a few countries have Bitcoin reserves. But if Bitcoin becomes more and more of a reserve for countries. This danger also exists. In the long term, however, I see both gold and Bitcoin continuing to rise. That's why I'm invested in both. Gold is also finite.
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•@Tenbagger2024 Yes, of course - the states all have a massive debt problem. In Germany, there have already been a few people who have come up with the idea of selling gold :)
Gold is finite - but only physical gold. Up to 200 times more gold is traded worldwide than actually exists - via certificates :)
There is a massive trust problem with gold in the digital space. When you buy a gold certificate somewhere, you trust the issuer to keep gold worth the value of your certificate safe. But they issue far more certificates than they physically own in gold.
Gold is finite - but only physical gold. Up to 200 times more gold is traded worldwide than actually exists - via certificates :)
There is a massive trust problem with gold in the digital space. When you buy a gold certificate somewhere, you trust the issuer to keep gold worth the value of your certificate safe. But they issue far more certificates than they physically own in gold.
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•@stefan_21 perhaps they are still trading the gold that is in their smartphones and electrical appliances. And don't forget the teeth. 🙈😂
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