Why is everybody all suddenly so excited about gold? Maybe btc is modestly better gold. So? Who tells typical people to invest in gold other than foxnews and infowars? I own precisely zero dollars worth of gold. Why should I buy btc?
Transactions are not always buying goods. If I transfer 1btc to somebody and then send me $10,000 there will be a transaction. But btc was not used as a currency to purchase a good here.
Because there are trillions of dollars in gold and only billions in bitcoin. If bitcoin just replaced gold as a store of value it would explode many-fold.
Transactions are not always buying goods. If I transfer 1btc to somebody and then send me $10,000 there will be a transaction. But btc was not used as a currency to purchase a good here.