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by charlesdm
3235 days ago
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Property is indeed subject to bubbles, but why wouldn't / couldn't Bitcoin be? Gold is prone to bubbles as well. Personally I'm not a gold bug and I don't really see why (in the current day and age) it still acts as a safe haven asset. Ultimately, it has little economic use, meaning most of its value is just derived from it "being gold". Land, that I get, that makes total sense. You can't make more, and you definitely can't make more land in good locations. But gold -- that seems very artificial to me as well. But you're right, if I had to a pick, Bitcoin probably makes more sense over gold. |
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