[lfkdev]

Not sure if its that simple. MicroStrategy is buying BTC since its ~10k, which sounds easy but actually requires some insane strength for actually holding it until today 100k+. They actually believed in the asset and got rewarded for it. Banks investing in Gold is pretty much the same.

[fny]

Gold was a multimellenial currency that then became an international standard. It’s not volatile. It still is treated as a store of value to combat inflation and currency debasement.

Bitcoin is not a currency. No one uses it as a medium of exchange. It’s a speculative asset that behaves like a kangaroo on crack.

[npoc]

Comments like this remind me that we are still so early.

What properties of gold do you think led to it becoming globally recognised as good money?

[Yiin]

one could argue bitcoin is used as a currency considerably more often than gold, so I'm not sure what your point is, as all the arguments against btc you can apply to gold just the same (except time, obviously)