Re:No Bitcoin ETFs at Vanguard
by oellegaard on Sunday January 26, 2025 @01:16PM
(#42832325)
except you cannot melt it and wear it to show off
[ Parent
| on HN ]
and you cannot produce electronics out of it, nor use it in dentistry, or medicine.
one reason it's better money than Gold, there are no industrial supply/demand dynamics impacting its price. It's pure monetary premium
And gold is a non reactive physical object. Storing gold is cheap compared to the infrastructure required to keep Bitcoin ledger information.
Re:No Bitcoin ETFs at Vanguard
by DonHopkins on Sunday January 26, 2025 @01:59PM
(#42832818)
You need gold in a computer to mine bitcoin, but you don't need bitcoin to mine gold.