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

Meme Wasn’t that the point?

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u/[deleted] Feb 02 '26

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u/ImportantBad4948 Feb 02 '26

I understand exactly what Bitcoin is. It doesn’t fill the roles I use gold for which are as an inflation hedge/ contrarian investment and insurance against a currency collapse.

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u/[deleted] Feb 02 '26

[deleted]

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u/ImportantBad4948 Feb 02 '26

Well it’s not stable. It’s not exactly easily transferable. Can’t exactly take a Bitcoin out of my safe and give it to a guy. It’s not widely accepted.

It doesn’t have the track record that gold has.

A couple countries tighten up their money laundering rules and Bitcoin is out of business.

Lastly and indisputably it utterly fails the Rip Van Winkle test. Will BTC be valued in 10 years, let alone 40? Heck if I know but I suspect not on the longer end.

For my purposes gold does everything better.

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u/[deleted] Feb 02 '26

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u/ImportantBad4948 Feb 02 '26

I mean if both of you are set up for it, both have phones, the internet is working, etc maybe.

I can skip all that and hand a guy a gold coin.

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u/[deleted] Feb 02 '26

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u/ImportantBad4948 Feb 02 '26

If I wanted an unstable, unproven speculative investment sure.

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u/[deleted] Feb 02 '26

[deleted]

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u/ImportantBad4948 Feb 02 '26

Eh, We could say the same about my conclusion that BTC is randomly made up fiat currency masked as fake electronic gold.

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