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RE: Bitcoin Will Replace Gold Within Decades

in #cryptocurrency7 years ago

Louis, a thought provoking video like always! These are some very interesting points that you mention. I agree with you as things stand right now. But, I do think that the next time there is a major global financial crisis young people will once again be reminded of the importance of holding an asset like gold. That's because it has some attributes that nicely complement digital assets and financial assets. Mainly because it you can posses it without relying on others (i.e., the power grid or your isp) and because it is an asset that is NOT a claim on someone else's balance sheet (like bank accounts or stocks or bonds).

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