Words
90
Reading
1 min
Listen
Play
6y
I would rephrase your point as follows.
Bitcoin is a store of value, but people have just started to realise it.
Its value will hugely appreciate over time, as more and more people realise it's a store of value.
Regarding gold, it's more of a social consensus, leaving aside gold's characteristics that make it fit the money definition.
The diamond history is even more interesting.
It was a useless thing until about 1-2 centuries ago.
Brain washing (a.k.a. marketing) transformed it in what it is today.
RE: Bitcoin vs Gold: The high daily volatility argument