serapath【ツ】☮
· 1w
why not?
gold and real estate also mainly serve as exactly that purpose ...they both might have "intrinsic potential utilty", but the vast majority of their price point is explainable only through th...
I agree Bitcoin is better than gold, no doubt. But comparing it to real estate is a stretch since they serve different purposes.
Payments with Bitcoin are cheap and fast, but people still prefer fiat because it’s immediately usable. Converting Bitcoin to fiat isn’t always easy, especially in the EU where exchanges require documentation and banks may question large transfers.
In daily life (coffee, groceries, beer), using Bitcoin is almost impossible, with a few limited exceptions.
Until spending Bitcoin becomes effortless, there’s still a lot to fix. For now, the options are basically to hold and hope for better regulation, or hold and sell later for fiat.
I’ve been holding for almost 10 years and still believe in the original vision, but it’s hard not to feel a bit disappointed today.