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0 sats \ 3 replies \ @Jon_Hodl 18 Apr \ on: Bitcoin: one chart that shows how EARLY we truly are bitcoin
Let’s check back on this chart again in 10 years. BItcoin is only like 15 years old whereas gold has been in use across the globe for over 2000 years. People who get a hard-on for this recent pump need to zoom out.
I’d be willing to bet quite a bit that Bitcoin will be a much better tool for sending value 10,000 days into the future than gold is.
I agree with you that bitcoin should go up more in percentage terms than gold in 10 years. But I'd be willing to wager gold will have a higher market cap than bitcoin in a decade.
The powers that be prefer the fact that gold is hard to audit and is difficult to self custody and so in the midst of this tariff upheaval we see central banks hoovering up as much gold as they can. I have yet to hear of one country that is (at least publicly) saying they are buying meaningful amounts of bitcoin (and the price action reflects this).
What we perceive as gold's weaknesses, to a nation state actor, are a feature not a bug. They don't want easy custody, 10 minute settlement, the ability to move across borders with 12 words in your head, etc...
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The powers that be prefer the fact that gold is hard to audit and is difficult to self custody and so in the midst of this tariff upheaval we see central banks hoovering up as much gold as they can.
What we perceive as gold's weaknesses, to a nation state actor, are a feature not a bug.
Perfectly articulated.
I couldn't agree more.
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