Hacker News new | ask | show | jobs
by RestlessMind 1149 days ago
Stocks -> can be seized by governments where the exchanges or actual companies are based.

Gold -> Good, and Bitcoin is like Gold in many aspects. While it doesn't have Gold's history yet, it has a few other qualities like easy transferrability and divisibility.

Other assets -> Like? ForEx is at the mercy of issuing government (just ask Russia who lost ~300B$). Land can be seized if it's outside one's jurisdiction.

In general, Bitcoin (like Gold) is a great asset to park some fraction of your wealth as a hedge against geopolitical risks.

1 comments

Bitcoin is not like gold in one important aspect that chiefly matters for a long-term store of value: it's much more volatile.