Cathie Wood: Bitcoin Is Now Substituting Gold as Store of Value
I think, It may be true for big players. But for small players Gold is store of value.
What do you think?
Article link in my comment below ⬇️
Cathie Wood: Bitcoin Is Now Substituting Gold as Store of Value
I think, It may be true for big players. But for small players Gold is store of value.
What do you think?
Article link in my comment below ⬇️
I would say it depends on which big players. Apart from here, in El Salvador, all Central Banks rely partly on gold to build sound reserves, and many of them have been hoarding gold like crazy these last years (like India, Russia, China,...), while holding - officially - zero $BTC.
https://coinmarketcap.com/academy/article/cathie-wood-bitcoin-is-now-substituting-gold-as-store-of-value?lid=vi3tx55q1n1h
it is not that easy to replace gold. Imaging all the desi household switching from gold to BTC :)