By "safety" many investors with short time horizons just mean low short-term volatility. In those terms gold is much safer than Bitcoin's price discovery. Bitcoin's trust minimization & global seamlessness is safety against bigger risks that grow in longer time horizons.
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Thank you Nick. Are you able to elaborate on what risks you see as better mitigated by bitcoin, compared to gold? I can think of confiscation and value dilution through mining and rehypothecation.
Besides these many others, often idiosyncratic to a particular person and their environment. Bitcoin is already protecting against many of these, providing at least part of the reason for Bitcoin's $1.3t per year txs & consistently high long-term risk-adjusted return.pic.twitter.com/3OH2R57eqQ
