Bitcoin as Digital Gold

Bitcoin, not crypto, but sure, you can try gold, the basic economics are the same (money that can't be printed to infinity)

It’s not a currency. It’s digital gold. Gold isn’t easy to exchange and it’s deflationary but it’s a good place to store your money for the long term, especially if you live in an unstable country.What makes bitcoin valuable is that it’s gold without any of the downsides of gold. Hop in an airplane with the equivalent of millions of dollars in your pocket without having to trust or ask permission from anyone.

Bitcoin is digital gold, essentially a reserve currency but not very useful for small daily transactions. All of the criticisms of Bitcoin can be equally leveled against gold, and have been (“barbaric relic” as Bernanke called it). And yet even central banks still hold massive amounts of gold. So I don’t see any reason why Bitcoin can’t fill the same role that gold does in the modern financial system.

Probably Bitcoin. Gold would be fine if there weren't governments.

Bitcoin has been very stable against the USD for a while now.And that's just bitcoin, stable coins are more reliable.And of course inflation only robs holders, at least volatility goes in your favour half the time.I also would not call it an investment: there is no reason to expect prices to rise. Bitcoin does not grow in the way a company can (making shares an investment) or pay interest like a bond. It's at best a speculative asset, like maybe gold?

Gold has been a store of value for millennia. Tulips were a store of value for just over a decade. What makes you so confident Bitcoin is the new gold and not the new tulips?

Good for Bitcoin, then ? Is it becoming a form of Gold, for real ?

Bitcoin is more like gold than the dollar, except even less useful.

Bitcoin can act as a store of value if people want it to. A big reason people like gold is because there’s very little new gold mined every year, something like 1% of total supply. So it’s guaranteed to not inflate(versus the fed printing 30% of total USD supply this year), same thing with Bitcoin.

Does anybody really hold EUR or USD though? They hold gold or stocks or similar, denominated in USD. You could say Bitcoin is the same as gold (which is also deflationary?), but has gold really been a particularly viable way to store value? Gold may never again rise to the price it was 5 years ago, despite being deflationary. Deflationary isn't enough or even required to be a store of value, it rather needs to be in demand and liquid.