Bitcoin Breaks $100,000. The (Best) Gold Comparison
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Housekeeping: Good Morning. —
“The Gold reset is a process, not an event”
Today
* Discussion: It's All About Bitcoin Today
* Premium: Bitcoin Destination $200,000?
Discussion:
First, given that gold’s above-ground market value is $19 trillion, the majority, around $17 trillion comes from the network of holders who value gold for its non-confiscatability.
Second, just like gold, bitcoin cannot be confiscated by monetary inflation or banking system failure (Chart 4). Additionally, and unlike gold, it is…
The skinny
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