/biz/ - Business & Finance

>>27160972
Bitcoin not a store of value for the simple reason that there exist scenarios in which Bitcoin becomes worthless
now the average person, who sees no longer than his stomach and dick may say that nothing will ever happen to the network and that Bitcoin will be fine - but those who see further than their stomach and dicks; Monarchs, central Banks, Nation States, dynasties and institutions that have stood for hundreds, sometimes thousands of years simply cannot take that risk with their long term wealth because there is no worse fear for an investor than being wiped out - and with Bitcoin that is a real possibility
with gold however, that will never happen
even if billions of ounces of gold were to rain down on us this instant gold would still retain some of its value as its industrial uses would skyrocket - remember that the main reason we don't use gold in industry more is that it's just too expensive