| I sold some in the recent run up but by and large still think worth to include some now, given the following potential: 1. Store of Value: Bitcoin is better than gold at what gold does. Gold is about $7tn. BTC ~$180bn 2. Anonymous payments (Monero, Zencash, ZCash): Many use cases for wanting to pay in an untraceable way 3. Global payment network: Move large amounts of money around the world with only an internet connection; faster and cheaper than remittance options today 4. Censorship resistance: As hard as cash to censor, but you can move much larger amounts of it instantaneously, around the world. 5. Diversification potential: Sketchier since its early and return drivers are not yet clear, but early results show no correlation with existing asset classes, which if true would be a huge boon to asset managers I am less optimistic about in near term about: 1. Smart Contracts: Think we are farther away from the vision of smart contracts creating a trustless society blah blah than most people think. Right now 99% of smart contracts swap ether for ICO tokens. There is potential, but IMO very very overvalued right now. 2. Most ICO funded start ups Practically, I think due to BTC's head start it will win the digital gold box - it's my biggest digital asset position. ETH has a head start in the smart contract world, but upstarts like EOS and Cardano promise better scalability and governance - so I have some of those. Plus my view is ETH will have a tough time once ICO bubble bursts, so not holding in short term. Have some of the privacy coins too (XMR, ZEC). And have tiny positions in tokens from most promising projects. |
I don't know many women who feel this way, and women's interest in jewelry has historically helped establish an important floor for the value of gold. If civilization collapsed tomorrow women would work hard to protect their gold, but not their Bitcoin (or similar). But of course , it doesn't require societal collapse to put downward pressure on Bitcoin.