> ...Bitcoin is purely a monetary good with no industrial or other non-monetary uses. #Bitcoin is either useful as money or worthless.

> Nobody knows whether gold or #Bitcoin will ultimately emerge victorious in the ultimate competition to be the world’s best money.

> Over the long term, I believe #Bitcoin will become the dominant form of money or end up at $0 as a superior money—most likely gold—beats it out.

> If The #Bitcoin Supremacy occurs—and gold is demonetized and rendered a purely industrial metal—it would imply a gold price of $278 an ounce and a Bitcoin price of $5,171,429 per BTC in purchasing power in today’s dollar.