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32 sats \ 1 reply \ @freetx 4h \ on: YTD gold has increased in market cap by 3.5 bitcoin market caps. We are early bitcoin
Perhaps they eventually understand bitcoin, but it doesn't look like that will be happening soon.
The single best benefit Gold has over Bitcoin is that its analog and works when the grid is down.
This is a great selling point for nation-states since purchasing more gold is often a "war hedge".
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0 sats \ 0 replies \ @79c9095526 OP 1h
I think the fact that it has been used for money for thousands of years and is ubiquitous throughout the world is a pretty big benefit as well. It is also already on most central bank balance sheets, much easier to add to an existing position than justify a new asset.
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