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RE: Bitcoin or Gold? What would you pick?

in #money8 years ago

well BTC has utility in that the technology is useful. In that sense, having BTC provides you shares in growth of the technology itself. Gold is pure value storage, going long on "fear" if you will. It will only grow if people lose trust in the economy. Therefore gold is a great hedge instrument. Apart from that it does also have some utility if you have a partner who cultivates a personal relationship with you in order to attain wealth - a gold digger - and you derive more utility from the services provided to you by said partner, than you could have bought elsewhere with dollars.