the key difference however is that people do actually view gold as a safe asset haven. so it boomed during the gfc, Obama years.
again in covid.
Bitcoin currently is still very speculative and follows other markets. so in a big stock market and/or housing downturn, people could dump bitcoin en masse.
I hope so...
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Why do you hope so?
bitcoin is more liquid... easier to dump...
not sure why anyone would dump...
I doubt tradfi and the people buying now, dump.