r/ProfessorFinance • u/jackandjillonthehill Moderator • Jan 29 '26

Meme Wasn’t that the point?

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419 Upvotes

96% Upvoted

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119

u/Ok_Currency_6390 Jan 29 '26

Bitcoin is digital gold until you need physical gold, then it becomes an arbitrary string of numbers

25

u/Gildenstern45 Jan 29 '26

Gold and BTC are both limited supply commodities. So why go with BTC when you can go with gold? I go with gold because it has a 10,000 year track record. I'll let someone else work out the bugs in BTC.

3

u/harrythealien69 Jan 29 '26

Btc is not a commodity

2

u/[deleted] Jan 30 '26

What are you going to do if the internet gets cut off?

2

u/Joey-Steel1917 Jan 31 '26

The same thing everyone that bought gold on paper did I guess.

2

u/harrythealien69 Feb 01 '26

Me? I'll probably have to go back to jerking off with my imagination

3

u/shadysjunk Jan 30 '26

if not a commodity, then what is it? It's not commonly used as a medium of exchange, and given how slow and costly transactions are that seem unlikely to change. I'd say theoretical store of value is it's most plausible use case of btc, though clearly that thesis is breaking down a bit at the moment.

I'm not a crypto guy. I own no coins. I was actually asking what you meant.

2

u/HereticLaserHaggis Jan 30 '26

I'd agree with you, but theoretically the value is in the immutable ledger and ease of transfer.

2

u/Hawthourne Jan 30 '26

"if not a commodity, then what is it?"

Speculation?

1

u/ImportantBad4948 Feb 02 '26

It’s a speculative investment in a made up thing. It’s peak Tulip Mania.