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by stctgion
3071 days ago
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It's not gold. Gold has a long history of being a stable store of value. I could buy gold now and sit back and not worry that the price was about to fall through the floor. Owning bitcoin is not the same. At any moment it could tank. If all the investors suddenly got interested in Pokémon cards they would be just as useful as a store of value. |
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Lots of people have believed that in the past. Sometimes they've been right, sometimes not. The future supply of commodities doesn't always follow expectations.