I've been fascinated that the price of Bitcoin was recently hovering at about 3 times the price of Gold (before the recent set back).
And now that Bitcoin seems at risk of dying, I'm wondering about its value in relation to its characteristics.
So I decided to compare Bitcoin against Gold. I generated the above based only on my knowledge.
I can't say that everything on this is 100% correct, or that my choice of words is lends to perfect accuracy.
Most of the parameters and qualities of each are broadly correct, and for sure there will be pockets of exceptions.
I'd be delighted to hear what others think about all this. Add any parameters I may have missed, in comments section.
For the avoidance of doubt, I have not drawn any conclusions on which one is better. No conclusions are implied. This is not an encouragement to buy or sell cryptocurrencies of any kind.
And now that Bitcoin seems at risk of dying, I'm wondering about its value in relation to its characteristics.
So I decided to compare Bitcoin against Gold. I generated the above based only on my knowledge.
I can't say that everything on this is 100% correct, or that my choice of words is lends to perfect accuracy.
Most of the parameters and qualities of each are broadly correct, and for sure there will be pockets of exceptions.
I'd be delighted to hear what others think about all this. Add any parameters I may have missed, in comments section.
For the avoidance of doubt, I have not drawn any conclusions on which one is better. No conclusions are implied. This is not an encouragement to buy or sell cryptocurrencies of any kind.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
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