When gold maximalist Debra Robinson jeered, “Imagine paying $118k for a set of man-made numbers,” she echoed a familiar skepticism among precious metal enthusiasts. Lyn Alden, a respected macro analyst and Bitcoin bull, responded with pragmatic advice:
“Precious metal enthusiasts could buy a bitcoin position of like 5% of their metals position. That hedges their risk of bitcoin gradually taking market share, so they can go to the beach and forget about the asset forever. Plenty of folks have recommended that for years.”
Why gold maximalists should take note
As of the time of writing, Bitcoin was trading at just under $118,000, having recently hit new all-time highs, reflecting global economic uncertainty and inflation concerns.
The “set of man-made numbers” now has a market capitalization that exceeds $2.2 trillion, putting it ahead of silver and making it one of the world’s most valuable assets, and 100 public companies, including BlackRock and Strategy, collectively
We współpracy z: https://cryptoslate.com/bitcoin-gains-ground-in-gold-vs-crypto-debate/
