What is the difference between Bitcoin and Gold ? Both are a "social agreement" for store of value. Gold was also up and down, and now its down to $1200 from it's $1800. Can gold go down to $700 (as Harry Dent thinks) sure it can. Can it go up to $5,000 as other think? sure it can... Gold is not money anymore, it's just a social agreement for store of value. At least for the coming future. Can you hire a person in Gold? Can you make a contract in gold? Can you buy a coffee in gold? .. No. It's quite amazing that a gold bug doesn't understand the ratio behind the cyber-gold. Gold and Cyber-gold (Bitcoin) are in principle the same type of financial asset. Not more a bubble than most stocks or gold.
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