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RE: Bitcoin As The World's Reserve Asset

in LeoFinance9 months ago

Unlike gold that has a lot of real world uses like technology

Other metals actually have more real world uses so that doesnt substantiate gold's price. The fact is gold is no different: people have confidence in that. If that waned, the price would crater.

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Other metals actually have more real world uses so that doesnt substantiate gold's price

I think it is Gold's perfect balance of scarcity and use that makes its price go up. Sure there are metals that are better conductors and cheaper, but gold experiences the least corrosion, and can be made to be very thin. So for those looking for quality in electronics, pure gold, and gold plating is the way to go.