/biz/ - Business & Finance

Anonymous Wed Jan 17 14:31:18 2024 No.57321921 [View]
File: 119 KB, 810x810, gold_demand_pie.png [View same] [iqdb] [saucenao] [google]

>>57315316
>gold derives it's value from demand for Store of Value

Most of the demand for gold comes from the jewelry sector. If 100% of the demand for gold as a SoV vanished overnight it would still have substantial demand and therefore value.

>same as BTC

Uh, no. Nobody is actually using BTC as a store of value because its highly unpredictable and prone to wild fluctuations, that's why stablecoins had to be invented and are still a thing.

The primary source of demand for BTC is now purely speculative i.e. buy low, sell high. And once that demand finally dries up, game over.

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