Bitcoin is not a commodity, so it can't be money. The best Bitcoin can ever hope to be is a digital fiat currency, but it hasn't even managed to achieve that yet.
Gold is the best money.
Jan 20, 2021
Gold Is The Best Money, Not Bitcoin
Bitcoin can't be money as money is the most marketable commodity.
Permabulls
It's not a surprise that CNBC's permabulls, who once urged investors to buy stocks based on Trump's plan of tax cuts and deregulation, are just as bullish now despite Biden's plan to raise taxes and increase regulation. They're saying not to let politics influence investments.
Gold & Treasury Yields
Gold traders are the only ones worried about rising Treasury yields.
Ironically the insignificant rise is actually even less relevant to gold than to other commodities or investment assets.
If annual inflation is 10% does it really matter if 10-year Treasuries yield 0.9% or 1.1%?
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