 | Gold is too useful to be trapped in vaults. If Bitcoin is adopted as the main global money, it could make gold affordable again. Gold has utility in industry, technology, and jewelry. But part of its price comes from monetary premium because people use it as a store of value. This makes gold more expensive for the previously mentioned utility use cases. If Bitcoin absorbs the monetary premium, gold can be priced only for its amazing utility and therefore be more available for industry etc. Is this a fair view of the monetary role of gold, or does gold’s properties serve a monetary role Bitcoin cannot replace? [link] [comments] |
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