Bitcoin vs. Gold: Deutsche Bank’s Case for Dual Reserve Assets
ZH posted a story titled: How To Cut US Debt In Half In 20 Years (Yes, It Involves Gold And Crypto) which we read and recommend.
We strongly suggest if you are interested in crypto at all to view that story and our info below for a real comparison to see if BTC can be held at CB level.
We believe BTC is a hedge for Gold.. meaning it or its successor can become a Gold surrogate. We are long it, and trade around it. We also simultaneously feel it is a compromised asset in that it is made by man. Anything made by man can be destroyed by man even if it is not a government tool.
That said: if Gold is a hedge against our portfolio. Then BTC is a hedge against our Gold. So consider us skeptics who bt insurance.
We’re not “selling” you on BTC. Our opinion changes daily from “buy more” to “BTC is stupid”. It’s almost comical.
But it is notable that a real bank is essentially making a case on a whitepaper for the world to see they are not anti bitcoin. And.. DB is a proxy for the German (ECB) Central Bank. Decide for yourself