[naraga]

Bukele is dictator and the way he is doing this (literally buying from his phone and bragging about it like a degen trader) is shameful. Yet it is a bet that very likely will turn out positively for the country (if he doesnt steal the money). Bitcoin is already well recognized global asset that gives person or country clear monetary rules, ease of storage and transfer and access to all future advancements of the ecosystem. I dont see any fundamental difference between putting gold into country reserves vs Bitcoin. Yes, gold has history but fundamentally it is inferior to digital bearer asset. Bitcoin is writing history right now.

[sofixa]

> I dont see any fundamental difference between putting gold into country reserves vs Bitcoin

Stability? The fact that the IMF, US, EU and whoever will accept gold as collateral but wouldn't come anywhere close to a volatile imaginary "asset" like Bitcoin?

[naraga]

Volatility is short term change in offer and demand. The fact the asset is held as reserve asset by many makes it less volatile over time. Monetary properties of gold and Bitcoin are very similar therefor makes it sound reserve asset. Gold non-imaginery properties (aka. physical substance) is irrelevant from monetary point of view.

[aaaaaaaaata]

Not as true for the US as perhaps you've been led to believe.