People like Saylor, who consider Bitcoin as a store of value only, and don't care to understand what Bitcoin is really all about, can obviously see the similarities with gold. Gold has other uses apart from the functions of money, like in technological industry or jewelry, and for that, Bitcoin is a better money.
And now that there's a better money than gold, gold needs to be demonetized and go down in price to it's utility value as the useful and valuable commodity that it is, I think.
When I first saw the headline, I thought it was BTG :)
IDK how people compare gold to BTC; they are so different, BTC vs gold:
digital / physical finite / new mines found all the time or reactivated when conditions are met not portable / vastly portable somewhat divisible / broken down into sats
They are so different. One is a boomer investment tool; the other is for forward-thinking speculatory investors.
Is there really a competition?
Usually people use these things for different purposes.
People like Saylor, who consider Bitcoin as a store of value only, and don't care to understand what Bitcoin is really all about, can obviously see the similarities with gold. Gold has other uses apart from the functions of money, like in technological industry or jewelry, and for that, Bitcoin is a better money.
And now that there's a better money than gold, gold needs to be demonetized and go down in price to it's utility value as the useful and valuable commodity that it is, I think.
When I first saw the headline, I thought it was BTG :)
IDK how people compare gold to BTC; they are so different, BTC vs gold:
digital / physical
finite / new mines found all the time or reactivated when conditions are met
not portable / vastly portable
somewhat divisible / broken down into sats
They are so different. One is a boomer investment tool; the other is for forward-thinking speculatory investors.
gold is NOT Bitcoin competitor...
You can't compare this idiocy with Bitcoin
gold is just a shiny rock used for electronic circuits for devices that hold bitcoin keys. That's all.