Re:Shorting Tether for Fun and Profit
by eli on Sunday January 08, 2023 @04:16PM
(#34303217)
Anything’s possible but gold is useful and has intrinsic value. Bitcoin isn’t very similar. I don’t think one implies anything about the other.
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Re:Shorting Tether for Fun and Profit
by mancerayder on Sunday January 08, 2023 @07:39PM
(#34305204)
Gold used for jewelry or industrials is a fraction of the overall yearly production of gold though. So it's mostly used as speculative instrument to store value (assuming this sentence is allowed with those two clauses together).