If you had to pick between Precious Metal or Bitcoin, which would you choose?
https://twitter.com/ContrarianDude/status/1470951296068997123
How can this be a question?
Over ten years, gold up 0%, Bitcoin up 600,000%.
Gold is flat. Bitcoin’s long term average ROI is about 140% per year, compounded.
Ignoring the price, we find out what makes Bitcoin superior:
**Bitcoin Compared to Gold**
Gold is expensive to store securely.
Gold is extremely expensive and slow to transport securely, especially large amounts.
Gold is heavy, it takes up space.
You can’t walk very far carrying a lot of gold. You can’t swim at all with more than a few coins of gold.
Gold can be confiscated. Gold has already been confiscated by the US government.
Highway robbers, corrupt border guards, pirates, and others can merely kill you, then take any gold you were transporting.
Tungsten’s density is very close to that of gold. There are now gold-coated tungsten bars in circulation. It requires special equipment and know-how to detect gold-coated tungsten.
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Bitcoin is easy and inexpensive to store securely.
Bitcoin is inexpensive to transport, and compared to gold, transporting Bitcoin is ‘instantaneous’.
Bitcoin weighs nothing and takes up little, if any space.
Bitcoin cannot be detected and can pass right through any border or airport.
Bitcoin won’t stop refugees from walking long distances, nor from swimming across rivers.
Bitcoin cannot be confiscated. Robbers, pirates, corrupt cops, soldiers, etc. won’t know you own any (unless you tell them), and they cannot merely kill you and take your Bitcoin.
Bitcoin can be sent across the Internet.
Nobody spends gold as money these days.
People have been using Bitcoin as money, and as a store of value.
Cryptocurrency
