Gold is used as a financial instrument and most of its value come from that.
It would be same with Bitcoin, as long as it was perceived as money by normal people. The moneyness of Bitcoin would form ...
The utility value of gold is like 10% of its market cap. Most of its market cap is imputed monetary premium (speculative). Its intrinsic value argument is moot and not a meaningful floor for price.
I hate complacency and I think we have to push for MoE but I also think the store of value argument is much stronger for bitcoin which has a lower issuance rate than gold.
I hate complacency and I think we have to push for MoE but I also think the store of value argument is much stronger for bitcoin which has a lower issuance rate than gold.
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