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RE: BTC - My Investing Thesis, Lets talk about it
Well, there is only so much gold to go around and silver so as countries and large firms buy it up and sky the price people will look for alternatives. Unfortunately, an ounce of gold can only hold so much value whereas Bitcoin has near-infinite room for growth. With all this cheap money behind hoarded and can potentially be pumped into the network who really knows where this thing could go.
Well yes and no... As the price of gold increases so does the rate of new supply coming online, IE people tend to mine more gold when prices go up. Plus there is supposedly infinite amounts of gold in space... once that supply is realized I can't imagine it will be good for prices.