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A comment on No Bitcoin ETFs at Vanguard. Parent comment

Re:No Bitcoin ETFs at Vanguard by njarboe on Sunday January 26, 2025 @01:49PM (#42832716)
Does it really matter if the value of something is 95% speculative or 100%? Loosing 95% of the value of your investment is not a lot different than 100%.
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Re:No Bitcoin ETFs at Vanguard by NAHWheatCracker on Sunday January 26, 2025 @02:11PM (#42832952)
Bitcoin is certainly extremely high on the speculative spectrum, but claiming gold is anywhere near the same level of speculation is specious.

Gold has the Lindy effect going for it. Humans have been trading it for thousands of years. Bitcoin has been around for 16 years.

Gold has industrial uses and if its value dropped, its uses would expand. Bitcoin has no such inherent supply-demand curve.

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Re:No Bitcoin ETFs at Vanguard by njarboe on Monday January 27, 2025 @02:49PM (#42844902)
I like gold and bitcoin. But productive assets seem more useful to hold in general. Fiat, gold, and bitcoin are debt tokens on future humans. I'd rather own things than future human labor. Feels a bit like owning people.
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