re: Gold-All time high

quote:

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You are viewing this all wrong...gold is a storehouse of value and an insurance policy against inflation and unexpected/expected calamity impacting financial instruments and markets. It cannot be viewed simply for its transactional ability.

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Not really. I do think Gold is exactly what you say it is. I just think Bitcoin is exactly the same (but much better) plus it has more uses as actual money. I was really just responding to SlidellCajun's post stating that Bitcoin is speculative and he can't invest in something that is not actually useful.

Bitcoin is now a new asset class, thanks to the SEC approval of the Spot Bitcoin ETFs. The Bitcoin ETFs are already at 60% of all of the Gold ETFs in Assets Under Management in just 2 months. Bitcoin ETFs will surpass the Gold ETFs this year easily. Not long ago, Bitcoin was 1% of Gold's worldwide market cap. Now it's over 10%. Bitcoin will eventually have the largest capital market cap.

No way I would sell Bitcoin or the Bitcoin ETFs to buy gold or the gold ETFs. I'm staying with the long term winner.