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A comment on Temporary pause of Bitcoin withdrawals on Binance. Parent comment

Re:Temporary pause of Bitcoin withdrawals on Binance by RestlessMind on Monday June 13, 2022 @02:59PM (#31730032)
I see BTC in the same class as Gold (hard assets without any intrinsic value and valued only because everyone else values it). USD is a different asset type - Fiat currencies which are essentially debts owed by various governments to the holders of those currencies.

So BTC won't be replacing USD, imo.

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Re:Temporary pause of Bitcoin withdrawals on Binance by tiborsaas on Tuesday June 14, 2022 @04:23AM (#31736150)
Gold has some intrinsic value, you can turn it into fancy jewelry, teeth replacement or cutlery :)
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Re:Temporary pause of Bitcoin withdrawals on Binance by RestlessMind on Wednesday June 15, 2022 @01:55PM (#31756700)
And yet its market cap, >10T USD, is not at all commensurate to the uses you cited. Governments hold gold in their reserves because they see it as a hard asset.
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