/biz/ - Business & Finance

>>57321921
There is no functional difference between gold and tungsten-filled gold, ergo 100% of gold's jewelry demand is Store of Value demand. Never forget that gold as a bulk metal isn't particularly useful, less electrically and thermally conductive than copper, if gold were as plentiful as copper it would still have far less functional demand.
>muh volatility
An artifact of it's low capitalization. Anyway, a SoV does not store value through magic, they all fluctuate in real terms, it holds value by meeting the demand for a store of value (scarce, easily authenticatable etc) AND having a network of use as a SoV. Store of Value is a fundamental economic demand seen universally throughout human history, something will be used, gold and large cap equities are the current dominate players, but BTC fills the niche better (fixed in supply, trivially authenticate, trustlessly transferable, weightless etc), and it's network advantage over other crypto is an insurmountable hurdle to clear. Bitcoin will continue its SoV marketshare growth unabated.

>>57307475
>>57307470
Store of Value is a fundamental economic demand. Throughout history, universally across the globe, something as filled this niche. This has generally been gold when available, as gold possess physical properties that naturally meet SoV demand, but it's always been the SoV properties (finite, easily authenticatable, lacking strong functional demand and so on) that have been in demand, not gold itself, indeed when gold has not been available other goods filled this niche, including synthetic SoV like Rai stones or wampum.

BTC is the first synthetic SoV that outperforms gold on all meaningful metrics, BTC will continue to gain SoV marketshare as it better meets SoV demand

>>57307536
Gold performance since 1971: +4500%
Monetary expansion since 1971: +4200%

Gold has performed very respectably for something with 2% annual mining inflation. It should never be forgotten that gold has rarely if ever been used as common currency, only as Money (store of value). We can clearly see from post-71 performance that gold's "demonetized" only allowed rampant currency expansion with little meaningful effect on gold's real terms price, which is to be expected given almost all demand for gold is SoV demand.

>>57285113
No, my thesis is that something will be used as a Store of Value, as this is a fundamental economic demand, and BTC meets this demand better than the alternatives.

Throughout history, universally across the globe, something as filled this niche. This has been gold when available, as gold possess physical properties that naturally meet SoV demand, but it's always been the SoV properties (finite, verifiable, lacking strong functional demand and so on) that have been in demand, not gold itself, indeed when gold has not been available other goods filled this niche, including synthetic SoV like Rai stones or wampum.

BTC is the first synthetic SoV that outperforms gold on all meaningful metrics, BTC will continue to gain SoV marketshare as it better meets SoV demand.