Gold addresses extreme uncertainty and serves as a safe haven asset when order collapses; whereas the premise for Bitcoin's existence is that the global financial system can still operate, networks remain connected, and rules are still being adjusted through negotiation. It relies on consensus, institutional gaps, and technological diffusion, essentially as a product of "civilization moving forward."
Once true chaos ensues, people will seek certainty, tangible, deliverable assets, and Bitcoin will be abandoned. It is more like an antique: appreciated in prosperous times, with liquidity and premiums; but in chaotic times, it is the first to be set aside.
This does not negate Bitcoin's value, but it is important to understand the era it is suited for. Recognizing this can reduce emotional fluctuations significantly. Assets are not faith; they are tools. Using them in the wrong context will render even the best assets ineffective.
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Gold addresses extreme uncertainty and serves as a safe haven asset when order collapses; whereas the premise for Bitcoin's existence is that the global financial system can still operate, networks remain connected, and rules are still being adjusted through negotiation. It relies on consensus, institutional gaps, and technological diffusion, essentially as a product of "civilization moving forward."
Once true chaos ensues, people will seek certainty, tangible, deliverable assets, and Bitcoin will be abandoned. It is more like an antique: appreciated in prosperous times, with liquidity and premiums; but in chaotic times, it is the first to be set aside.
This does not negate Bitcoin's value, but it is important to understand the era it is suited for. Recognizing this can reduce emotional fluctuations significantly. Assets are not faith; they are tools. Using them in the wrong context will render even the best assets ineffective.