Gold is already in coin form. You can buy 1/20 oz coins in Canada, Mexico, Australia and South Africa. 1/10 oz in the US and China. It would be easy to use as a medium of exchange. I'd rather have a few ounces of gold set aside for a doomsday scenario than a cold wallet of bitcoin.
Yes, I'm aware of what is for sale, but have you seen the spread on these things? 1/20oz is still way too much to pay for groceries for example, and nobody will accept it. There is a 99% higher chance that over the coming years, more vendors accept bitcoin via different scaling protocols like Lightning than them ever accepting gold. So gold now stays at just the level of having to go to your bullion dealer. Even a bank won't accept gold. But imagine just 100 people trying to exchange gold in one day... the line will never end and the dealer likely runs out of cash before you can exchange your gold. And have you seen the spread? Its like 10% at minimum between buying and selling. But like I said, yes, have gold coins in small denominations for an emergency, but this is a small percentage of your net worth. Even look at real estate. Who wants 90% of your net worth in real estate? Even if your house survived in LA right now, what is it worth if the entire community went up in flames? Insurance companies will not be offering insurance anymore in this area. This means nobody can get a mortgage, further decimating property values. Gold at least you can take with you, but real estate you can't take with you. And bitcoin has the ultimate portability.
My brother in christ. Almost every piece of electronics you own has gold in it. Phones, computers and most everything else.
You have to trust that there is gold in the safe. Or you have to trust that there are dollars in Tethers bank account. In an offshore company, never audited, banned in EU, New York, Canada and more. It's a speculative pet rock (and even worse than that; burns lots of electricity just to generate a random number). The difference between btc and gold is that gold doesn't have a risk of imploding and crashing 90%.
And where is bitcoin used? Actually there is a use case for Bitcoin; it serves as a payment for ransomware extortion and other criminal activites It's not store of value, it's not digital gold. It's a pump and dump, ponzi token that outperforms everything(like ponzis usually do) in the biggest bull market ever. When(not if) conditions turn sour it will crash and collapse like you wouldn't believe it. But these blackrock faqqots are going on national television convincing people Bitcoin is the panacea. They also promote DEI and all this other bullshit, surely they could not possibly be wrong on bitcoin.
Larry Fink at least did apologize about ESG being twisted and abused... But Wall Street still wants it now, since so many DFM (dumb-fuck millennials) are willing to pay fees for this woke agenda. Unfortunately, DEI has infected EVERYTHING now adays... even life-critical systems.
Well look at what they've done. And now they are luring countless families into useless garbage until the bubble pops. And then they will apologize once everyone loses all(or 90%) of their money. In 2007 Blackrock released the MBS ETF(mortgaged-backed securities ETF). And then the financial collapse followed. In 2024 Blackrock released the BTC ETF.... I wonder what comes next in 2025. History doesn't repeat, but it often rhymes.
Canada has had Bitcoin and Ethereum ETFs for years though. Blackrock didn't do anything new there. In fact, they are terribly late to the modernization, and even Europe beat them too. American ETFs still can't even benefit from staking dividends, or airdrops. They are pretty shit... the only positive trait is less slippage and lower MER.