Will bitcoin demonetize gold? The more I think about it, the more convinced I am that it will.
#bitcoin #gold
Discussion
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I actually think it will help #gold adoption. I think more Americans own #bitcoin than #gold. Gold is a long way from its roof.
Since Bitcoin is a better store of value, wouldn’t it demonetize gold in the same way that gold demonetized silver. Bitcoin will have a higher stock to flow ratio and will also be easier to protect/transport. It will also be more accessible and easier to verify. I think people will choose bitcoin over gold.