When it comes to recognition as "money" and a "store of value", Bitcoin out-competes gold on its practicality and versatility, said Clem Chambers, CEO of ADVFN
"I could not take enough gold out of the country for it to be useful to me if I had to leave the country; if I was a South Korean and I thought the North was going to drop a bomb on my city, if I was an Iranian that was running away from people in Iran. There are all sorts of reasons why I would want to take a lot of money abroad. I can’t take more than $10,000. In gold, I can’t carry enough, it’s too heavy. I can’t take, say, 20 kilos of gold to the airport."
Gold Can’t Compete With Bitcoin as Form of MoneyI'd add Hong Kong to his list. Ditto Cyprus. Ditto China.
Also the U.S.A. if any of the collectivist authoritarians win in 2020.
