No. of Recommendations: 5
I’m on the same page. On paper, BTC checks the same boxes as Gold: it's a store of value outside the banking system. You could even argue it's 'harder' money than Gold because the supply is hard-capped, whereas Gold supply increases every year. Plus, you don't need a vault to store it.
Also and as an aside: BTC isn't anonymous. It’s a public ledger. If you can link a name to a wallet ID, you can track every penny they’ve ever moved. And while the industry is full of grifters, the underlying protocol is solid—it’s tough to crack.
I’ve done the deep dive—I’ve read the 'basics' like The Bitcoin Standard (which is excellent, regardless of your stance)—but I’m currently sitting out.
Here is the issue: If Bitcoin were truly 'digital gold,' it should have rallied alongside the metals during this recent currency debasement. It didn't. It acted like a tech stock. Until the market stops treating it like a risk asset, the 'safe haven' narrative is just a theory that hasn't survived first contact with reality.
