I had a chat with a gold bug yesteryday just listening to his reasoning, and his like Blackrock owns Bitcoin, its over, he doesn't know about nodes or consensus so a big part of the value prop was lost on this guy

I also found it funny how they have a distrust of the system, but trusts some regulated custodian who can be single point of failure. Its like saying I distrust the system, i got bitcoin but I keep it on coinbase lol wtf?

I feel like precious metal folks identified the problem but stopped there, and didn't look at all the limitations of metals