Replying to Avatar Owen G

Gold is a flexible supply asset. Bitcoin is fixed supply.

Gold can act as savings. But investment is still separate.

Bitcoin, by virtue of having a fixed supply, replaces savings *and* much of investment.

With bitcoin, there would still be equity investment but it would be a small industry with participants willing to stomach risk rather than a massive game than everyone has to play.
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Owen G 2y ago

For this reason, bitcoin should be a much larger allocation in a prudent portfolio -- it takes a chunk of the gold allocation, a chunk of the cash allocation, and a chunk of the equity allocation.

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