I think we'll see a big drop in PM's and a HUGE epic rise in bitcoin.
if you do not fear inflation with your currency why hold PM's?
its kinda like holding on to your sea shells after gold is discovered.
if you do not fear inflation with your currency why hold PM's?
its kinda like holding on to your sea shells after gold is discovered.
Yes, but over what timeframe?
While Bitcoin does outclass gold in some ways, it won't be able to completely supplant the metal until communications networks are as resilient as distributed networks. That means meshnets must become ubiquitous. Even then, the final vestige of gold probably won't be released until supply is called into question.
Inflation is the superficial fear. The deeper, more substantial threat is counterparty risk - the danger of trust being broken in custodians of assets. For at least the next few years, both the monetary precious metals and Bitcoin will offer the best protection of all financial assets.
timeframe, 10 years
All PM used as a store of value, will loss value... gold will be hit hardest.
1 Bitcoin will be worth 1/21,000,000th of all the worlds wealth ( more or less )
10 years is a little ambitious for bitcoin to dominate. And yet you keep insisting we'll correct to 8 soon
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