Don't get me wrong, I actually like and listen de Peter's podcasts. He makes some good points on the economy, however he gets all crazy and irrational when discussing Bitcoin (every time more often hehe), he knows deep inside it's coming to take his lunch and he's afraid of it.
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I agree. Ole Peter isnt a stupid man. He knows what the score is and what he is doing out there. He has an angle and he is playing...to the very end.
Gold is his, well, golden goose which means he isnt going to slay it. Ultimately, BTC kills the gold market since it has all the attributes of gold for a store of value PLUS it is limited to 21M (so absolutely no more than that) and you can have all your possessions taken from you and yet still have your bitcoin accessible once you get to an internet connection.
Gold cannot do that....I am sure if they take all your possessions, they wont let you leave with the gold.
Anyone trying to escape communist Cuba in the 60s knows gold is a not a good store of value. They took everything of value from people leaving at gun point. If only BTC had existed back then....
@cryptoeagle bitcoin and the great cryptos out their are the heaven for people that are opressed by their governments or institutions. Would have been a completely different situation if blockchain and cryptos would have existed by that time. @gold84
Yeah anything physical they can take from you at gunpoint. It happened many times throughout history.
Now with the internet, dont even need to keep the numbers in your head...upload them to a few different places and just remember your passwords.
As for Cuba, Fidel might not have had the run he did if bitcoin was around.....