Nobody can predict the future with any certainty. I am just expressing my view on the fundamentals and what I think might be likely in the short term price movements.
Personally, I don't think that Bitcoin will track gold. Over time, in the long run, Bitcoin will outperform gold as it has better properties as a medium of exchange. It is hard to get gold to transmit through any kind of electrical communication channel. Bitcoin is the first scarce asset that can do that.
That's a feature .. because we don't want to transmit our #gold ..or #Bitcoin .. except in emergency..
Plus it is a taxable event ..
If we don't transmit it, then it will never be currency.
If it never becomes a currency, then it really isn't any kind of store of value. Bitcoin has to deliver some utility at some point in the future.
Don't listen to the cult of Saylor. He is spook, sent to stifle us.
Sir - the biggest utility is "storing value " .. if you store gold - for example - it has no utility .. that is exactly what #bitcoin is .. store it till you absolutely need to sell ..
Btw - what makes you think valueable things must have a utility !
Most useful thing is grain - we literally eat it .. it goes for quids .. even more value is air and water - practically free ..
And yes - who wants Bitcoin to be currency .. most of our portfolio is in assets .. how much currency we anyway hold .. 1% ?
