$Bitcoin (BTC.CC)$ $Gold Futures (APR6) (GCmain.US)$ Gold Ph...
Gold
Physical asset, real-world use (jewelry, industry, reserves)
5,000+ years as a store of value
Central banks hold it
Physical asset, real-world use (jewelry, industry, reserves)
5,000+ years as a store of value
Central banks hold it
Crypto
Digital asset, code-based
~15 years old
No physical form, no central bank backing
Digital asset, code-based
~15 years old
No physical form, no central bank backing
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Hindsight : 1. Large-scale payments
2. Not reliant on currency liquidity
3. Market consensus as a safe-haven asset
Gold fulfills 2 and 3 very well, and at the national level, it can meet 1
Bitcoin can partially achieve 1, but seems far from 2 and 3. The narrative of digital gold and its reality have discrepancies
Of course, Bitcoin has a fixed supply cap, making its scarcity much stronger than gold
Sum YK : Buy gold , sell BTC to be safer. Soon all crypto is worthless. Crypto whales themselve are buying gold and selling BTC
102778633 Hindsight : Limited quantity does not equal value
There are many things in the world that are limited in quantity but not valuable
Examples: Early NFTs from a certain forum, abandoned domain names, discontinued game props
Value comes from whether something is needed in the long term, stably and widely
Scarcity is only a 'necessary condition', not a sufficient one
102778633 Hindsight : Bitcoin can be divided infinitely. Therefore, the argument of scarcity was invalid from the very beginning.
老跌 : Gold is an ancient credit instrument, while Bitcoin is a modern credit instrument. Gold is difficult to transfer for payment, and holding large gold reserves wastes industrial resources; moreover, there is too much paper gold.
NoGreedy Hindsight : Scarcity does not equal preservation of value
Additionally, the 21 million Bitcoin cap was set by humans. Bitcoin can be mined with just mining rigs and electricity, and the time cost is even lower than mining gold. As technology advances, we do not know whether Bitcoin might be cracked or duplicated in the future.
Gold takes at least 10 years from discovery in a mine to extraction, and its production is determined by nature. No matter how advanced human technology becomes, the supply remains limited.
老跌 : It's essentially a bookkeeping voucher. Blockchain is a better method. In the event that humanity moves towards space, can you take gold with you? Even during wartime, carrying gold to escape is not easy.