0 sats \ 3 replies \ @0xbitcoiner 3 Apr \ parent \ on: Gold Vs. Bitcoin: The Winner Is... bitcoin
The author's argument does make some sense, you see.
Gold also has a fleeting advantage in liquidity, fungibility and privacy, and recognition. However, Bitcoin is eroding those advantages every day.
https://www.zerohedge.com/markets/gold-vs-bitcoin-winner

Monetary Attribute #3: Liquidity
Having a large global pool of buyers and sellers—liquidity—is critically important for any serious money.
With a market cap of around $14.6 trillion, gold has a large pool of global liquidity.
At around $1.3 trillion, Bitcoin has a much smaller pool of global liquidity.
However, it is growing quickly.
If the Bitcoin price goes up 10x—which it has done many times in its history, and I expect it will do again soon—Bitcoin’s pool of global liquidity will be within spitting distance of gold’s.
If Bitcoin’s market cap and pool of liquidity continue to grow faster than gold’s, it will erode gold’s advantage. But for now, gold wins.
Verdict: Gold Wins
https://internationalman.com/articles/gold-vs-bitcoin-comparing-the-top-10-monetary-characteristics/
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0 sats \ 2 replies \ @kepford 3 Apr
This is my point. What is this large pool of buyers. They are not actually taking custody of the gold. The gold is not in their custody. Sure, some are but it is a fraction right? Certificates are changing hands. That's what is happening. If you compare actual physical gold changing hands to bitcoin I would be shocked if bitcoin loses. I could be wrong but I doubt it.
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0 sats \ 1 reply \ @0xbitcoiner 3 Apr
I think the author is overlooking an important issue here. They're only evaluating the business in a purely financial sense.
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74 sats \ 0 replies \ @kepford 3 Apr
That's my point. Seems like the author is mixing self custody gold with custodial gold. I think this comes from the acceptance of the issues with gold custody. Bitcoin solves these issues for the most part.
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