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Will Bitcoin Replace Gold As Best Store Of Value?
Posted
May 24, 2022
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45
May 24, 2022
45
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1:28Now PlayingSo, why do some people think Bitcoin will eventually supplant gold as the ultimate store of value?
This may be because Bitcoin is the only thing ever created, which is a harder form of money than gold.
People have experimented with numerous forms of money throughout history, such as seashells, stones, glass beads, various metals, and even camels.
However, Bitcoin's supply grows at a slower rate than gold since the amount of new Bitcoin entering the market is cut in half every four years.
This indicates that Bitcoin is a harder form of money and a better store of value than gold or anything else since it has a higher stock to flow ratio than gold.
The Bitcoin stock to flow ratio is important since it has been a reliable predictor of Bitcoin's price for over a decade.
However, the stock to flow model hasn't held up well in the recent year. However, supporters believe the model will prove to be true in the long term. And if that's the case, it'll be a major issue, because the stock to flow model predicts that Bitcoin will reach an average price of over $100,000 by 2024, and then over $1 million.
So, what do you think? Let us know in the comments.
#bitcoin #crypto #cryptocurrency #cryptonews #gold #bitcoingold #goldstandard #stocktoflowmodel #stocktoflowbitcoin #stocktoflowratio #stocktoflow
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