Since December 2022, the numbers tell an interesting story. Gold has climbed 180%, solid and steady. But Bitcoin? Up 440%. Pretty dramatic.
Here's the thing though—I'm skeptical that BTC is genuinely discovering price through market mechanics rather than pure speculation. When you stack it against gold's gains, the math suggests Bitcoin might be running ahead of its fundamentals.
Gold's been sitting in traditional portfolios for decades, tradeable through conventional stock market channels. It's had centuries to prove its worth. Bitcoin's doing 2.4x better in less than two years—impressive on paper, but it raises questions about whether we're pricing in real utility or just riding hype.
The gap between these two assets is worth examining.
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AirdropAnxiety
· 12-27 00:06
NGL, the recent surge in BTC is indeed outrageous, but saying it's all just hype? I think that's a bit too dismissive.
440% vs 180%, the numbers look scary, but that doesn't directly prove BTC lacks fundamentals... Gold has centuries of accumulation, but how long has BTC been around? Comparing them itself is problematic.
That said, if we follow this logic, then every time traditional assets are surpassed by new things, we’d have to doubt them all over again. It’s too exhausting.
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MetaverseLandlord
· 12-27 00:00
The number 440% looks impressive, but honestly, it's just like hot potato.
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MetaverseLandlord
· 12-26 23:56
ngl this is a classic debate between speculation and value storage...
Since December 2022, the numbers tell an interesting story. Gold has climbed 180%, solid and steady. But Bitcoin? Up 440%. Pretty dramatic.
Here's the thing though—I'm skeptical that BTC is genuinely discovering price through market mechanics rather than pure speculation. When you stack it against gold's gains, the math suggests Bitcoin might be running ahead of its fundamentals.
Gold's been sitting in traditional portfolios for decades, tradeable through conventional stock market channels. It's had centuries to prove its worth. Bitcoin's doing 2.4x better in less than two years—impressive on paper, but it raises questions about whether we're pricing in real utility or just riding hype.
The gap between these two assets is worth examining.