[2020-10-28]Gold investors will flip to Bitcoin–MicroStrategy CEO hodls 17732btc

[Karartma1]

Former Goldman Sachs employee Raoul Pal predicts the possible migration of gold investors to Bitcoin (BTC) while MicroStrategy CEO reveals that he owns 17,332 BTC which he bought at a price of $9,882.

https://www.crypto-news-flash.com/gold-investors-will-migrate-to-bitcoin-microstrategy-ceo-has-17732-btc/

If a tiny amount of gold bugs will start investing in bitcoin the next bull run is going to be epic.

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[stomachgrowls]

^
Just consider Peter schiff which is a gold supporter and cryptocurrency rival whe he thinks that bitcoin would go to $0.
https://www.thewealthadvisor.com/article/gold-bug-peter-schiff-bitcoin-headed-zero

and then after a month later, he said that he was wrong about bitcoin.
https://queenscitizen.ca/2020/09/07/im-wrong-about-bitcoin-says-gold-bug-peter-schiff-art-business-news/

It would be much better if these gold bugs will consider out on such flip and that would be indeed huge.

[Karartma1]

^
Just consider Peter schiff which is a gold supporter and cryptocurrency rival whe he thinks that bitcoin would go to $0.
https://www.thewealthadvisor.com/article/gold-bug-peter-schiff-bitcoin-headed-zero

and then after a month later, he said that he was wrong about bitcoin.
https://queenscitizen.ca/2020/09/07/im-wrong-about-bitcoin-says-gold-bug-peter-schiff-art-business-news/

It would be much better if these gold bugs will consider out on such flip and that would be indeed huge.

It's not even that difficult for them to understand bitcoin: if they really don't get it they can always think of it as the digital equivalent of gold where bitcoin scarcity is enforced by the protocol. Many of them would have to rethink their opinion about btc and start introduce a small % in their portfolios.

[Darker45]

^
Just consider Peter schiff which is a gold supporter and cryptocurrency rival whe he thinks that bitcoin would go to $0.
https://www.thewealthadvisor.com/article/gold-bug-peter-schiff-bitcoin-headed-zero

and then after a month later, he said that he was wrong about bitcoin.
https://queenscitizen.ca/2020/09/07/im-wrong-about-bitcoin-says-gold-bug-peter-schiff-art-business-news/

It would be much better if these gold bugs will consider out on such flip and that would be indeed huge.

It's not even that difficult for them to understand bitcoin: if they really don't get it they can always think of it as the digital equivalent of gold where bitcoin scarcity is enforced by the protocol. Many of them would have to rethink their opinion about btc and start introduce a small % in their portfolios.

The first thing they've got to do is to swallow their pride. It is not easy especially if you are a hardcore gold bug like Peter Schiff. But they're clearly seeing things happening in front of them now. Bitcoin's price didn't fall to $0. It moves in the opposite direction instead. And it is quickly gaining momentum now.

And it is not just eccentric individuals getting into this whole Bitcoin mania. Hundreds of millions of international company funds are now beginning to pour in as well.

It's not too late for them to acknowledge the real potentials of Bitcoin. They don't have to completely migrate to Bitcoin and leave gold, of course. But it is definitely wise of them to change stance and add Bitcoin to their portfolios.

[Karartma1]

My take is that it will be easier for those who invest in financial instruments connected to gold (CFD, options, futures etc.) to start considering an investment in Bitcoin than for those who believe in tangible real assets, they can feel, touch and admire (being coins, bars, jewels whatever).
I mean, let's understand them, how is it even possible to switch from something you can see to something you don't? 
Gold investors are having hard times with bitcoin these days.

[leea-1334]

I cannot imagine 1 BTC let alone 17k BTC! I do not think these guys are telling the whole truth though when they give this interviews,,, I mean there is also no real way of us finding out if he really bought at that amount and price (and if he did so what). Gold I read now is getting harder and more scarce to mine,,, so gold will also increase a lot in price in this time. Not sure if people will move to BTC.

[NeuroticFish]

the possible migration of gold investors to Bitcoin (BTC)

Bitcoin has shown that it grows in cycles. And some big investors may not like the periods Bitcoin price is falling.
Of course, one approach would be to buy Bitcoin when bull run starts and buy gold when the falling starts. But it's hard to do that and some big investors may not do it.
So I'd expect them either diversifying into Bitcoin, while also keeping gold too, else waiting until Bitcoin price will begin to be less volatile.

The fact companies start investing into Bitcoin is great. But let's not go too far with our expectations.

[Karartma1]

No expectations from my side: I know it's hard to understand bitcoin in its entirety and I don't expect everyone to like it and buy it as an investment asset. But entirely dismissing bitcoin is very wrong. Having a tiny amount of gold myself I recognize it as very good asset to hold but since studying bitcoin I started dismissing it from my portfolio (converting it to btc).

[bbc.reporter]

What a silly storyboard to hype bitcoin. Gold will be around as long as the Earth is alive. Bitcoin might not be around after 100 years.

Also, gold bugs have a similar cultish attitude as bitcoin maximalists. They will never flip hehehehe.