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wmf
on Jan 8, 2023
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Shorting Tether
Gold is also speculative and it's much larger than BTC. I hate crypto but $100K BTC is completely possible.
eli
on Jan 8, 2023
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Anything’s possible but gold is useful and has intrinsic value. Bitcoin isn’t very similar. I don’t think one implies anything about the other.
mancerayder
on Jan 9, 2023
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Gold used for jewelry or industrials is a fraction of the overall yearly production of gold though. So it's mostly used as speculative instrument to store value (assuming this sentence is allowed with those two clauses together).
andirk
on Jan 9, 2023
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Gold is by far mostly used as a store of value. Bitcoin is by far mostly used as a store of value. Next.
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