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A comment on Bitcoin Futures Could Open the Floodgates for Institutional Investors. Parent comment

Re:Bitcoin Futures Could Open the Floodgates for Institution... by tlrobinson on Wednesday November 01, 2017 @07:53AM (#15600362)
Out of curiosity, what percentage of the world's gold is used for anything other than a store of value (which, arguably, much jewelry is as well)
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Re:Bitcoin Futures Could Open the Floodgates for Institution... by ywain on Wednesday November 01, 2017 @09:59AM (#15601164)
According to Wikipedia:

> The world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry.

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Re:Bitcoin Futures Could Open the Floodgates for Institution... by padobson on Wednesday November 01, 2017 @12:10PM (#15602628)
Gold is also one of the more conductive metals - that's another use that would provide a floor to its value. If the the momentum from using it as a store of value ever slowed and the price dropped, there would be a myriad of uses for it in electronics and medicine.
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