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by matchagaucho 3110 days ago
Gold is worth $8tn globally

Drawing comparisons between gold and a fiat currency (BTC) is completely confusing.

1 comments

“Fiat” usually implies something different from the way you are using it. No government has issued Bitcoin via fiat, there are no treasuries or armies backing it.

Gold is a tangible commodity. I’ve been in the cryptoasset space for a while and I’m still not exactly sure how to cleanly classify it.