/biz/ - Business & Finance

>>22618120
Bitcoin has zero intrinsic value, the bitcoin killer will be a gold backed token that has cheaper fees than bitcoin and is easily transferable and is 100% backed with physical gold bullion.

Essentially the whole 'argument' for holding bitcoin is that since it was the first crypto it will always be the most valuable which is a questionable assertion. I even heard some schizo compare bitcoin to the number zero when in reality bitcoin has zero intrinsic value and it's role will be performed by gold and silver much better.

If Bitcoin didn't exist then people would be focusing their energies on accumulating gold and silver I guess it is a plus for us stackers since we benefit from lower prices.