1/n So its been 2 weeks since I sold my #Bitcoin. Today I've seen an article titled "RIP gold. Killed by Bitcoin", and watched a video on @business where the CEO of a crypto exchange says #Bitcoin is going "To infinity" and will replace "all the world's currencies". Perfect time 2/n To release latest report; "Gold, Bitcoin and the Elon effect" perthmint.com/documents/PM-M… Runs through a variety of metrics by which investors can measure these two vastly different asset classes. Liquidity, Market Cap, Governance, Portfolio Role, Use Cases, Network effects

1/n Some Friday thoughts on #Bitcoin - which were piqued by the excellent @ARKInvest Big Ideas 2021 report, which you can (and should) read here research.ark-invest.com/hubfs/1_Downlo… Before I start
1. I own #BTC
2. I wish I owned more #BTC
3. I am not a bear
4. I'm biased
OK - so here we go 2/n See this chart - and headline "Market participants never more long-term focused" - that may be true, the alternative argument is that 12 years into #bitcoins, never has there been less interest in using it as form of payment. It's all (or mostly) asset price speculation.

Agree mate. Well done @ttmygh @profplum99 and @nic__carter on a ripping show. Im obviously in the "gold is superior" camp, though I am long #BTC (tiny position). I thought the best/most interesting point of whole debate was raised by @profplum99 regarding the fact that a 1/n

https://twitter.com/josephskewes/status/1353942614798528514

#Bitcoin transaction is never really final, given the energy required to keep the network running, and obviously its scale issues will only grow over time. That said, I actually though @nic__carter "won" the debate as it were, and I was unconvinced by the threat to national 2/n