Sell Bitcoin for gold? Not so fast, one analyst says
Summary
Bitcoin maximalist and analyst Matthew Kratter advises against selling Bitcoin to buy gold, asserting that BTC is fundamentally a better long-term store of value. Kratter cites Bitcoin's scarcity, portability, verifiability, and divisibility as advantages over gold, whose supply increases annually by 1-2%, leading to supply doubling every 47 years. He notes that large gold discoveries, like those from the Americas in the 16th century, can cause significant inflation. Furthermore, Kratter argues gold is impractical for modern finance due to high shipping and security costs, making it difficult to move meaningful quantities or settle trade imbalances digitally. Tokenized gold products introduce counterparty risks, such as potential over-issuance or government confiscation, which pure Bitcoin avoids.
(Source:Cointelegraph)