Gold had a crazy bull run during the inflationary 1970's doing an almost 10x...

Gold had a crazy bull run during the inflationary 1970's doing an almost 10x, is it possible bitcoin will experience something similar this decade if it is the new store of value/"digital gold"?

Attached: bitcoin.png (500x500, 14.31K)

this decade?

Yes, and it will probably do more. For now we are going down tho.

WE'RE NOT A MACRO SHIFT
DELET

no
it's going to zero

A -10X is more likely. Nobody needs bitcoin, it doesn't have a use outside of it's fanclub. Gold is actually useful for things besides speculation. In fact it's practical uses are more useful than it's speculation potential.

>nobody use the internet except nerds and porn addicts
ok boomer

Gold crashes first in times of economic turmoil and inflation. It’s only after the damage is already done that gold price starts to rocket upward.

>Gold is actually useful for things besides speculation.
It’s really not. The main use is jewelry and we have several alternatives for the tiny amount of gold used in electronics.

He's not wrong though. Good has d use case going back thousands of years. It has historically been used as a store of value though many civilizations throughout history. Even in practical value, it's a usable, malleable metal. I am a Bitcoin maxi too, but we're not there yet and need much more use case and adoption before then.

In the 1970s there was no paper gold but there is paper Bitcoin today, so forget about it. Bitcoin is now a tamed altcoin to the stock market, so it depends what the stock market does.

He is wrong, boomer. What use case are you referring to that goes back thousands of years? A shiny store of value?
You do realize some ancient cultures also used sticks to make transactions and didn’t care about shiny rocks? Not a real use case.
>it’s a useable malleable metal
Useable for what? It’s too soft and again we have alternatives for gold in electronics.

boomer you don't need a test kit to verify BTC, nobody needs to deliver it to you, you don't risk getting it stolen when you are not home, and because nobody knows you have it you can not get assaulted or get a home invasion because some1 knows you have a bunch of gold coins stacked in your mattress

Even after governments and banks froze bank accounts. Even after Russia invaded Ukraine and forced people of Ukraine to abandoned their assets and homes. There are people still around that say BTC has no inherent value.

That's because gold is one of the best forms or currency, unlike Bitcorn that is not even used as a currency anymore. It's speculative.

Nobody in the modern world uses gold as currency, retard. Even that Venezuelan news article about people shaving off gold flakes during economic turmoil is fake. They use Euros and dollars, not shiny rocks.

Golds usecase until the last few decades was being shiny and pretty you fucking mong

This implies you have it stored on a ledger, right? Because if it’s out there floating on cuckbase or the like, gubment can still “gibs me dat”- in theory.

Gold and Bitcoin both fulfill a unique role in the financial system, and share/will share some fundamental similarities such as being a store of value or a hedge against uncertainty once BTC completes its halvings. However, your understanding of both assets, their fundamentals, and roles is clearly underdeveloped/biased. You have more learning to do, and should look at sources from both BTC maxis and anti-crypto gold bugs.

Guys, really? No one is saying fifty percent of your poorfolio should be boomer rocks but it’s a decent asset for diversification’s sake, as well as the fact that if you’re currency ever failed/became useless, you can still use gold and silver in any other country you flee to, which will still be universally valued at a certain price

Its disappointing cryptocurrency has such a small following and the majority of its small following are fueled by short term greed and clueless towards its actual place in our global financial system. Obviously makes crypto look horrible and cringe from an outsiders perspective and the price action reflects this lack of knowledge

Yeah you understand, gold and btc are storages of value. They go down during recessions and depressions then go up during loose monetary policies. Gold moves less than stocks. The case for gold or btc is the security against a failing fiat as well.

How do you guys feel about the way Bitcoin follows the nasdaq instead of standing on its own feet? Pretty pathetic, right? It’s not the same at all so it should be moving independently from it, anyway as long as that microstrategy cuck is still buying so am I and when he sells I’m taking out a loan.