[JumpCrisscross]

> Central banks definitely don't own gold because it's such a useful commodity. Are central banks gold bugs?

Are central banks retail investors? Are they buying gold to "to free the world or whatever"? No [1]?

Gold and silver have deep precedence as money. This leads to them trading as haven assets, i.e. their price rises when financial conditions deteriorate. Bitcoin doesn't. It trades as a risk asset, i.e. its price falls when financial conditions deteriorate. This could change! But that's true of literally every thing traded.

[1] https://www.bis.org/publ/work906.pdf

[ipaddr]

"Gold and silver have deep precedence as money"

Bitcoin has that rep as well.

[JumpCrisscross]

> Bitcoin has that rep as well

No, it doesn’t. The evidence is crypto trading as a risk asset. People believe it could one day trade as a haven asset, but that hasn’t happened yet. Not close.