A senior White House official has hinted at the possibility of the U.S. utilizing its gold reserves to acquire more Bitcoin (CRYPTO: BTC). What Happened: Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, ...
I already mentioned that gold wasn’t the only option and talked about how other civilizations did it but the vast majority of the world used metals because they were the best. Nowadays it really doesn’t matter because the value of wealth in the world vastly exceeds what all the precious metals would be worth combined. But if all the nukes go off, society is destroyed, and technology is thrown back hundreds of years, then gold still has a purpose and people will happily barter for it since they know someone else will want it. Bitcoin will not have value.
You can try and come up with whatever justification you want but as you are just downvoting everything I say I am done arguing
I already mentioned that gold wasn’t the only option and talked about how other civilizations did it but the vast majority of the world used metals because they were the best. Nowadays it really doesn’t matter because the value of wealth in the world vastly exceeds what all the precious metals would be worth combined. But if all the nukes go off, society is destroyed, and technology is thrown back hundreds of years, then gold still has a purpose and people will happily barter for it since they know someone else will want it. Bitcoin will not have value.
You can try and come up with whatever justification you want but as you are just downvoting everything I say I am done arguing