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I don’t think that is accurate. A lot of rich people who had gold reserves collateralized their gold for bank loans which were in turn invested in “guaranteed” priority debt claims on projects … which also included yields on projects.

Debt (priority) claims are very attractive for numerous reason on a sound money standard.

samuel 1y ago

It is exciting times we live in because only time will tell how this really pans out. #BTC is a much harder asset than gold. Keep in mind they’re digging 54,000,000 ounces of gold / year out of the Earth and if the price of gold goes up, that number goes up, but it doesn’t matter how high the price of bitcoin goes #BTC will only be 450 tokens / day. And that number will be reduced by two in about 3 1/2 years.

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