Let's take a look at the USD value of gold over the last century:
https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
Clearly, because gold was priced at $2231 in 1980 and then dropped to $377 over the next two decades it can't be a store of value.
That is a factor of 5.9 value that gold lost over 20 years. That's an 83% loss over TWENTY YEARS.
HM, 83% loss... that sounds familiar to something else.
Oh Right, Bitcoin... DUH!
Except, unlike gold, Bitcoin only takes a year to recover in price. Does that stop these zealot FUDsters from constantly making the claim that Bitcoin isn't a store of value but gold is? No, no it does not.
Bitcoin spikes from $4k up to $14k and on the correction down to $10k I see ten different articles about how Bitcoin isn't a store of value. These people are trying to manipulate public perception, and for the most part it's working.
Even more than 83%
Gold lost 83% of it's value over two decades in relation to USD, but as we all know USD loses value every year due to inflation. Even at just 2% inflation per year USD would be diluted 50% over 20 years, and I don't necessarily believe that inflation really is that low. Regardless, we can still know for a fact that gold lost significantly more than 83% over 20 years.
Comparatively, Bitcoin has just been going up and up and up and up and up. A one year correction after going x20 is not a bear market. Everyone needs to pull their heads out of their asses.
Bitcoin is not a store of value.
I've been saying this a while now. Bitcoin doesn't store value. It creates it. Every year the infrastructure of Bitcoin gets better. Every year the code becomes more robust with greater functionality. Every year users can be sure that their holdings will not be diluted by inflation.
In fact, it's quite clear that the little inflation that Bitcoin does have pays for itself 100 times over. Every time a halving event occurs the market goes insane, and all inflation is used to secure the network. It's so incredibly superior to traditional tactics of storing value. Of course it would be. It stores the value and then it creates more on top of that and then it does it all over again indefinitely.
The most amazing thing about Bitcoin is that all the software upgrades are developed pro bono by a worldwide network of altruistic open-source developers. Everyone who holds Bitcoin get's free upgrades.
This is equivalent to owning a computer that has little green men inside that upgrade the components inside. You'd never have to buy another computer/phone ever again.
Superior
Bitcoin is so superior it doesn't even matter how horribly centralized it is at the moment. It will always be horribly centralized, especially while new users are constantly being drawn in from the outside world. This is ironic because obviously the more people that get involved in Bitcoin the more decentralized it becomes. However, no one likes to look at it like that.
If a billion people were to start using Bitcoin tomorrow, all anyone would talk about is how little Bitcoin the new people have and how centralized Bitcoin has become. It's such an incredibly flawed perspective. You know what's more centralized? The system everyone is using called central banking. It literally has the word 'central' in the name. lol, give me a break.
Centralization isn't even a bad thing. As we saw with the PALNet airdrop, the smartest way to distribute wealth is to target the most trustworthy people you can find. If the most honorable and trustworthy people in the world have the most power, then obviously the world will experience a paradigm shift the likes of which the human race has never even come close to experiencing.
Rather than putting the most cutthroat people in charge we are on the verge of giving positions of power to the most qualified individuals. With automation looming on the horizon, less than 5% of the world population would be forced to work a job that they didn't like. The rest would be free to do whatever they desired, and would likely be incentivized gently by the people in charge to head in a direction deemed appropriate. Micro-incentives are a powerful motivator.
Maybe this sounds like a Utopian fantasy to a lot of people, but it isn't. It's just a way better system than we have now. Of course there would be hiccups and power struggles, but for the most part everyone on the planet would be a hundred times better off than they are now. Considering how many technological gains have been stolen from the people, this is easily doable, even with corruption within the new system.
Volatile
Bitcoin is not volatile. We are impatient. We want it all and we want it now. We are greedy little children with a broken mindset chained in scarcity.
Bitcoin is incredibly predictable. Sit in the market 4 years and you win. That's all you have to do. Somehow, this is too much to ask for the average person.
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|---|
| $100 | $200 | $400 | $800 | $1600 | $3200 | $6400 |
| Jan | Feb | Mar | April | May | June |
|---|---|---|---|---|---|
| $3467 | $3733 | $4000 | $4267 | $4533 | $4800 |
| July | Aug | Sept | Oct | Nov | Dec |
|---|---|---|---|---|---|
| $5067 | $5333 | $5600 | $5867 | $6133 | $6400 |
I say again: Bitcoin is not volatile. It is been insanely consistent in doubling every year on average. People are upset because the price dropped from $14k to $10k? WHAT?! It's only worth $5k right now. Shut up already you greedy little goblin.
Why did gold lose value?
Think about what happened during 1980 to 2001. The gains in technology were massive. We should all be rich right now. What happened instead? All the gains of technology were captured by Venture Capitalists and tech corporations. Most of it was inflated away by the sleazy central bankers.
What a fucking coincidence that FED interest rates STRAIGHT UP PEAKED during the time of the fiercest economic and technological growth in human history. They stole all our money and milked the system for everything it was worth.
Now there is so much corruption, the leeches can't be burned off. The economy is fucked and it will never recover using the old ways of central banking. This is especially true considering crypto is a superior form of currency and now everyone can opt out of this hundred year long cluster fuck.
HODL
Your personal wealth doesn't matter. More people need to HODL for political reasons. The entire human race has been enslaved since before any of us were born. It's time to break free.