In 2016 U.S. markets rocked on. Globally, trust minimization -- lowering our vulnerability to the whims of strangers -- was at a premium.pic.twitter.com/llvbDBfPAj
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I thought gold traditionally goes up in the face of global instability, but it looks like gold is only pegged to market perform
Bitcoin was responding to some internal trust problems in China, India, etc. which gold does not address very well.
![Jean Lucas ⚡️ [0.75x engineer]](https://pbs.twimg.com/profile_images/1173629362228408320/ndighuqe_normal.jpg)
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Also learning curve as people slowly figure out what problems Bitcoin can and cannot solve in current environments.
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Also gold climbs in later phases of instability. First phase is an unwind, thus USD
GLD
, 2nd phase is GLD. - 2 more replies
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Think it is much easier to steal or tax one's gold than one's bitcoins.
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Except when going through a well-known exchange like Coinbase.
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