You don't pay for your coffee using a fraction of your gold, do you?
Coffee shops don't accept gold, but you'd still "store" gold, won't you?
RE: Bitcoin Will NEVER Gain Mass Adoption (video/podcast)
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Bitcoin Will NEVER Gain Mass Adoption (video/podcast)
Ah... I've never done it, but people did it and it wasn't that long ago. Maybe you should consider this question more deeply.
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That's just it. People weigh worth based on access. Once people can't access it, they will want it. When BTC was at 20k last year, everyone's head turned in its direction, because it seemed inaccesible while it was scaling. But like gold, people were tricked into thinking fiat could exist backed by nothing but the face of dead old guys.
Gold is older than fiat and has more practical uses, but many countries are buying it up just to store it. Because there may be a time coming, where people won't accept any amount of fiat for it.
Theyre called precious metals for that reason, fiat over the times have come and gone, metals remain. And bitcoin is a reminder to the fiscally wise about the relationship and position of money in society relative to valuation metrics in all economies.
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