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The world doesn't need another digital gold.we already have that...

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Lurkin

2,100 Posts.

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14/03/20

19:39

Post #: 43496290
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Originally posted by verce: ↑

During the 2008 global financial crisis, gold dropped in price by more than 30% leading into the depths of the real pain. This isn’t because gold is a bad store of value or that it had lost safe haven status after 5,000 years. It is because gold has a liquid market and investors needed liquidity over anything else

Even though gold fell 30% during the 6 month liquidity crisis, the asset still went from approximately $650 in 2006 to over $1,800 in 2011.

The same thing is playing out here with Bitcoin, digital gold. The story is not over yet.

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The world doesn't need another digital gold.we already have that in tradable gold certificates.
btc blew that chance as you cant even sell it in a panic.
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