"Bitcoin being a competitor for Gold"
not in a billion years chief. Gold will ALWAYS edge bitcoin. Always.
Bitcoin is not an peer to peer electronic cash system anymore. It's a buy and hold ponzi scheme.
Yes, it’s profitable if enough people start demanding bitcoin as money. Increased demand for money works the same way as increased demand for any market good. NGU. If Gold was used as money today and in the past 30 years, its price would probably be north of 30k per ounce. When you understand this, suddenly all that talk about Bitcoin being a competitor for Gold and not USD starts to make sense from statists/bankers point of view.
https://primal.net/e/nevent1qqsxyredsavef0t269lalf44zvhwlu02tj9pqapkxhltv7xl266jf5su8rgr2
Discussion
Ah, a brain dead Monero shill. HFSP
Or even worse - a Bcash saltcoiner.
