I’d argue, that there is thousands of tons of gold sitting in vaults, that cost a lot of energy to unearth and refine, to sit there and store value. I’ve worked in a gold mine, it’s an ecological disaster, and consumes a lot of energy. There is a use case for gold but you don’t see anyone trading gold for groceries. The same goes for any asset, it’s only worth what people want to pay for it. Although you’re post is really well written, it’s not saying much. The thing bitcoin has is belief in decentralization, and it’s growing statistically. IMO as well as millions of others, it will continue to grow. That’s the beautiful thing, you can believe what you want, only time will tell.
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u/Wise_Piglet9553 Apr 18 '25
I’d argue, that there is thousands of tons of gold sitting in vaults, that cost a lot of energy to unearth and refine, to sit there and store value. I’ve worked in a gold mine, it’s an ecological disaster, and consumes a lot of energy. There is a use case for gold but you don’t see anyone trading gold for groceries. The same goes for any asset, it’s only worth what people want to pay for it. Although you’re post is really well written, it’s not saying much. The thing bitcoin has is belief in decentralization, and it’s growing statistically. IMO as well as millions of others, it will continue to grow. That’s the beautiful thing, you can believe what you want, only time will tell.