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Two timeframes. Two trades. Bitcoin as digital gold is generational — Bitcoin as an asset is liquidity-driven. From Token Narratives ep. 86 David x Graham x Bill Barhydt

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12,641 次观看 • 6 个月前 •via X (Twitter)

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This wasn’t quantum FUD. Bill Barhydt says Bitcoin dropped because liquidity didn’t return — and retail got confused by bad narratives. From Token Narratives ep. 86 David x Graham x Bill Barhydt
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"Bitcoin is not digital gold," Richard Bernstein Advisors' Rich Bernstein says. "We should put that story to rest." He adds: "Gold is a defensive asset that has a high correlation to uncertainty, [and] bitcoin is a very aggressive asset that has a high correlation to liquidity."
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Bitcoin is Not Digital Gold (and Why You Should Care) In my keynote at Bitcoin Amsterdam, I argued that the 'digital gold' analogy is fundamentally flawed. tl;dr Only if Bitcoin is used as peer-to-peer digital cash can it actually become digital gold. Check it out below:
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