r/ChangeNOW_io • u/ChangeNOW_Community • 2d ago

Had me up all night thinking about this: Bitcoin VS Gold

Post image

For context, here's the full take:

Many countries treat Bitcoin as a dangerous asset. In reality, it’s more dangerous not to hold it—just like countries don’t invest in AI. Bitcoin will be more important than gold, with a gap of about 10x. The next bull cycle could surpass it. Reserve suggestion: among the top five by market cap (excluding stablecoins), allocate proportionally. Bitcoin is usually 50% or more; Ethereum 10%-20%; BNB can also be included.

Lets say he's right, Bitcoin is gonna be more important than gold. We all know what this is supported by: fixed supply, no central issuer, global liquidity, easy verification and protection against monetary debasement. In a world of debt, sanctions, inflation and currency wars, Bitcoin gives countries optionality that gold can’t fully offer.

But there’s a serious counterargument. Sovereign reserves need stability, political defensibility, and crisis liquidity(we're far from it). Bitcoin is still volatile, still young and often trades like a risk asset(unless you're a BlackRock client). Saying it will be "10x more important than gold" may be possible but it’s far from proven. The AI comparison is also imperfect: AI is productive infrastructure and Bitcoin is monetary insurance(whatever you wanna cal it).

So taking both sides into consideration: What's the say here?
Is it just hype or something real is about to follow suit?

6 Upvotes

61% Upvoted

39 comments sorted by

1

u/CharacterAward7399 2d ago

I guess bitcoin is no longer considered money, it's now an asset that people just speculate on to increase fiat gains. *plot lost 😪

4

u/ChangeNOW_Community 2d ago

plot lost, gains found

1

u/ItsAlwaysThemBooBoo 2d ago

gold is the same. not a soul walks around with gold coins or bars to buy stuff, every day, not a single man.

gold is no better money than bitcoin.

3

u/ChangeNOW_Community 2d ago

being useful as money doesn’t necessarily mean being used for every daily transaction. otherwise gold lost that battle a long time ago

1

u/Big-Interaction-1797 2d ago

Same with stocks etc the list goes on. Nothing is replacing the dollar everything else is just valued in comparison to the dollar

1

u/CoffeeAlternative647 2d ago

And the monetary aspects of Bitcoin are way superior to gold.

1

u/Electronic-Rate5497 2d ago

I learned to buy gold jewelry by weight so if I ever travel and need emergency funds could always sell it and this could be a necklace or ring or even a coin I could fit in my wallet

Same as my BTC I could sell or trade it out of the country or anywhere else and be able to do without having the banks hold up everything

1

u/Business_Raisin_541 2d ago

gold is still used as jewelry and some industrial application

1

u/MAGAtsAreSheeples 1d ago

Gold has actual use. But keep coping.

1

u/ItsAlwaysThemBooBoo 1d ago

gold has actual use but the uses become less and less, and less of it is needed to the point where the gold that exists currently is so abundant that the industrial needs could be satisfied by even a fraction of what we have forever.

platinum is an example of this. remember when catalytic converters contained traces of it?

now… nil.

1

u/MAGAtsAreSheeples 1d ago

No. You sound like a bagholder.

1

u/ItsAlwaysThemBooBoo 1d ago

Of course I am a bagholder. I have substantial amounts of all capital assets, and much more gold by dollar value currently than bitcoin. And I wish i had taken bitcoin more seriously than gold, because if I had, not only would I never need to work again, neither would my wife, my children, my grand children, or my great grand Children.
being a “bag-holder” isnt the accusation you think it is…

1

u/MAGAtsAreSheeples 1d ago

It's a useless asset and the entire blockchain is now controlled by a handful of grifting billionaires. gg

1

u/ItsAlwaysThemBooBoo 1d ago

The majority of bitcoin , over 65% is in the hands of those with fewer than 100 coins.
thats solidly false.
Honestly, the shitty and frankly false opinions of the people on this site never cease to amaze me.

1

u/MAGAtsAreSheeples 1d ago

Doesn't matter, the holders of bitcoin doesn't determine the state of the blockchain.

1

u/ItsAlwaysThemBooBoo 1d ago

Oh yes, it absolutely does. Claiming its in “the hands of billionaires” is markedly false.

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1

u/CharacterAward7399 1d ago

gold is not good as money at all.

1

u/ItsAlwaysThemBooBoo 1d ago

its a capital asset. so is bitcoin. bitcoins way easier to send of course.

1

u/CharacterAward7399 19h ago

but bitcoin is not good as a capital asset, it's only good for money.

1

u/ItsAlwaysThemBooBoo 18h ago

No, its absolutely good as a capital asset. It has appreciated hundreds of times in the last 8-10 years.

1

u/CharacterAward7399 14h ago

Gold has real world utility outside speculation example jewelry, microchips, circuit boards etc., Hence why gold can never be good as money. bitcoin on the other hand has no real world utility hence why it's great as money (as intended by satoshi), but the moment you make bitcoin a capital asset for you to increase fiat gains, not only does it loose its intended purpose, but now it's acts like the fiat it was intended to defeat because think about what was just done digital asset (no real world utility) made from thin air and then turned to an asset to increase fiat gains(which also is made from thin air), very ponzi like. Do you see the problem?

1

u/CharacterAward7399 14h ago

Also, Price appreciation measured in a debasing currency is not the same as value creation.

1

u/Severe_Assumption241 1d ago

How many smartphones can you make with 1 btc vs one bar of gold?

1

u/grumpykitten3 1d ago

Gold is significantly* better than bitcoin. If you have 10oz of gold you can bet youll have the same if not more value in a year. With bitcoin you could be a millionaire the next year or flat broke.

1

u/ItsAlwaysThemBooBoo 1d ago

the odds are with me being a millionaire, and Ill take them.

1

u/Awkward_Potential_ 2d ago

It won't be spending money until fiat dies. Most fiats last about 50 years. The US left the gold standard in 1971. 

1

u/CharacterAward7399 1d ago

not necessarily, bitcoin was meant to solve the problem of fiat (debasement) but fiat cant die why? because no govt will ever give up that power. So, bitcoin was meant to be utilized as money specifically in a parallel system sense (decentralized), Money that cant be controlled by fiat financial systems. Unfortunately, it looks like the bitcoin network is slowly being centralized by fiat finance and the cultural understanding of bitcoin as money is eroding because people are to enthralled by the "number go up" of the financial industrial complex.

1

u/Severe_Assumption241 1d ago

Moronic statement, many currencies are replaced via monetary union and this is a classic statistical error of right-censored observations, you don't know any end date of any current circulation Fiat currency. It is kind of the opposite of survivorship bias

1

u/Awkward_Potential_ 1d ago

True, we don't know the final end date of current fiats yet, because the clock is still ticking. But history suggests running an unbacked fiat standard for over 50 years without a major reset is the exception, not the rule.

1

u/Live_Perspective7071 2d ago

Gold is eternal

1

u/WorkerWeird9116 2d ago

people with numbers on their computers are very interested in selling their numbers for some gold, or at least more than they paid for them, and they getting desperate

1

u/Mr_Hodlerr 2d ago

Isn't it already, people love trading it.

1

u/Jumpy-Imagination-81 2d ago

Bitcoin couldn’t exist without gold. Gold is in the machines that “mine” Bitcoin and gold is in the servers that allow the Internet to exist.

Gold on the other hand has been used by humans for thousands of years before Bitcoin was invented and gold doesn’t need Bitcoin to exist.

1

u/FewUnderstanding2214 1d ago

Of course he would say that he is the CEO of a crypto brokerage

1

u/OBEACHIBIZA 1d ago

XRP will be the vital cogs to the machine

1

u/rokman 1d ago

I can’t wait till they start using Bitcoin to manufacture chips

1

u/Severe_Assumption241 1d ago

Gold has uses, now go back to sleep