Bitcoin vs Gold
ฝัง
- เผยแพร่เมื่อ 16 ก.ย. 2024
- Dr Sam Wylie compares the options and benefits available for investing in Bitcoin compared to gold.
#finance #investing #australian #Exchange Traded Funds# money#bitcoin #bitcoinnews #bitcoinmining #bitcointrading #bitcoinprice #gold #goldinvestment #btc
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Excellent discussion, the most coherent talk about gold v bitcoin I have heard. Much appreciated.
I am glad it helped Roger. Suggested topics for other videos are always welcome.
A very insightful video, Sam. It really helped me appreciate the nuances of where to place these items in a portfolio. Thank you!
Thanks Shardul.
Very timely analysis. Thank you!
Welcome Alex
Great, well stuctured analysis! Thank you!
Thanks for the positive feedback.
21 million. Fundamental fact.
Not 21.6. Where did u get that number ?
You are right. 21 million. I had the wrong number.
Classic traditional teachings which is completely out of date! This gentleman has not the slightest idea of how Bitcoin works! Zero knowledge, it’s amazing that people would want to learn this ancient material!
Thanks for the comment. Which part is wrong?
I think your analysis mostly point to bitcoin as another investment vehicle and trying to categorize bitcoin without asking the most important question "What is bitcoin and what is money?"
Is "money" a financial asset? Is it true that financial asset has to create a cashflow? Do you really think someone who only save money in their vault doesn't hold any financial asset?
Barter economy never exist in the history of mankind, but that's another story
What current system of payment doesn't have is the decentralized system that no one can "control" it. Moreover, the investment is always about trying to predict the future based on all the reasonable information you can gather today. To say bitcoin is too volatile "today" therefore it is impossible to use it as a currency or store of value "ever" is dangerous. Nothing is certain, it's all about probability. Bitcoin is so volatile today but what made you being so sure that it will never be stable in the future? In 5 years, 10 years, 100 years?
Well, that's just only some part of your clip though....
Gold is scarce is something we can never be sure of. There are so many places human can't explore yet, deep sea, space etc. As technology advances, the risk to discover more gold in some places we never reached before, in the mountain at the bottom of the sea or on Mars, is increasing. People in ancient era thousands of years ago can't find as much gold as nowadays because they didn't have all technology like what we possess now. Same thing likely to happen in the future, unless you believe the technology we have is at peak and can't be improved no more.
Money from the top down policy rely too much on "trust". We have to trust the system which is controlled by humans in power to not debase it or using it to serve the interest of the groups of people close to power. Human is flawed, you, me, anybody has emotions and can made errors, or just plain corruption. To trust the future of your wealth on human in power is always a risky thing. However, so far we never had any better solution but who knows, bitcoin?
12:53 Bitcoin has 21million, not 21.6
There was only 21 million BTC to be mined, ever. Of which about 4-5 million are lost or sitting in dead wallets. Supply becomes more scarce with each BTC halvening, one is imminent in 40 days. Demand rising via ETFs and retail FOMO. Supply will be highly constrained, price will rise with volatility. It is a STORE OF VALUE, portable, encrypted, immutable, transparent.
I suggest 3-5% allocation in native BTC given the traditional financial systems woes and overheated debt markets.
Study the BTC paper deeply.
On the supply issue, the BTC halving is really not a big issue. BTC is not a consumable. If the supply of oil is halved the price of oil would obviously sky rocket because oil is consumed. But BTC is the ultimate durable asset. So it is the stock -- ultimately 21 million coins that matters, not the halving of flow.
Fyi, one Bitcoin is made up of Satoshis.
A satoshi is the atomic unit of bitcoin; each bitcoin is divisible into 100,000,000 satoshis, which are often called sats. The satoshi is named in honor of Bitcoin's founder, Satoshi Nakamoto.
Need to know this.
Divisibility is definitely important -- it is a key part of liquidity. If fact the word liquidity derives from the divisibility of liquids. Gold is more divisible than BTC. It is divisible into atoms. There are approximately 10^^23 atoms of gold per ounce of gold. 😀
😉 'Promo SM'