Re:Bitcoin passes $120k milestone as US Congress readies for...
by throw0101b on Monday July 14, 2025 @07:01AM
(#44558656)
> And of course just a storage of value.
See also gold.
At some point it did make sense as a currency because of its hard-to-fake nature, but once governments became stronger and regulations and documentation became more strict, gold was not needed anymore. (And gold has all sorts of downsides [1] too.)
But there seems to be some 'nostalgic valuations' for it, and Bitcoin now has the same psychological appeal.
See also gold.
At some point it did make sense as a currency because of its hard-to-fake nature, but once governments became stronger and regulations and documentation became more strict, gold was not needed anymore. (And gold has all sorts of downsides [1] too.)
But there seems to be some 'nostalgic valuations' for it, and Bitcoin now has the same psychological appeal.
[1] https://archive.is/https://www.theatlantic.com/business/arch...