Silver too, Nick. Silver too.
Gold and Bitcoin also hedge against inflation, never pay negative interest, and when held directly are not subject to haircuts and do not depend on strangers keeping their promises.https://twitter.com/Schuldensuehner/status/1158283652733788167 …
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You’re right. It’s even better than that.
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It's a long shot, but if good retail assay tech is developed, along with a new form factor (which would resemble jewelry more than coins, point being to optimize for minimum-destruction assayability) silver would be more useful than gold for most transactions of most people.
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Silver’s higher -often seasonal- usage in manufacturing/products vs gold may make silver more prone to market volatility than gold. The increased manufacturing usage also makes silver more correlated with certain sectors. I think that makes silver worse money than gold.
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Bitcoin is better money than both gold and silver as its use case is singular: Bitcoin is money. Bitcoin is arguably not used in manufacturing processes. This lack of utility beyond its purpose should keep bitcoin at low correlation levels to other asset classes and sectors.
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Perhaps. I tend to think such factors are not as important as some economists make them out to be.
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Just got 3
#BTC, thanks for sharing the news! - 2 more replies
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People think they’ll start saving once they’re earning a higher salary but if you haven’t put the reps in when you’re not earning as much, you won’t know how to act. Most crypto projects today are the right ideas, but too early. Just dump your stocks and buy
#Bitcoin!Thanks. Twitter will use this to make your timeline better. UndoUndo
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Truee
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Absolutely no reason to take less in Fiat later than what is invested today. Learn BTC hardware wallet ! Keep your keys and hold onto BTCs for almost no cost ! And benefit from the early adoption
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This tweet will age well!
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Gold and bitcoin's negative interest rate is the conversion costs to fiat - which all holders have do in order to buy things.
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