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RE: The downfall of Gold - Will Bitcoin replace 6000 years of human history?

in LeoFinance4 years ago

I think Bitcoin could gain the status as the de-facto new money standard. Then I would expect that every individual would (according to his risk assessment) hold a certain amount of his wealth in gold, for example to hedge the risk that some fatal bug in Bitcoin's code should be found.

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yes or a hedge against global power outages that would make bitcoin nearly unusable.

I always thought of Crypto and precious metals being a good combo against huge Crash, but I think the non-Crash/soft Crash scenario is getting more likely in which only Bitcoin really shines.

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