Lyn Alden: The Difference Between Gold & Bitcoin

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Gold is still the incumbent neutral reserve asset. It’s the “obvious first choice.” “The one that central banks already hold," the one that “almost everyone in the world can understand,” and has a “multi thousand year track record.” The problem is it’s “really slow, expensive to audit,” and “not great as settlement.” With Bitcoin “you get six confirmations in an hour on average.” Bitcoin is “a settlement rails and it’s a store value,” with “17 years of track record,” but still very recent. It's “still pretty small on the liquidity spectrum.” “A rising contender,” and not a true peer at sovereign scale. “Until Bitcoin has like an extra zero on it's market cap,” Gold will still be the asset of central banks. - Lyn Alden 🎬 #LynAlden #Bitcoin #Gold #Macro #CentralBanks #Money #StoreOfValue #Crypto #Finance #Investing