Forbes reported that Goldman Sachs likely is all-in when it comes to Bitcoin.  It just looks like cryptocurrency reportedly has 20% share of the “Store of Value” Market.  When approved as a store of value it means Bitcoin will be able to maintain it’s “Store of Value” nature – therefore gold – therefore Digital Gold.

Goldman Sachs co-signing Bitcoin as digital gold probably is set to influence several other financial institutions.

Gold has been the niche term for store of value.  Gold doesn’t corrode, thus provides a sustainable store of value.  And, humans are physically and emotionally drawn to it. Societies and economies have placed value on gold, thus perpetuating its worth.

Those who do not accept the store of value character for Bitcoin, say so because of the volatility of the BTC price.  The purchasing power also keeps fluctuating.

For those who do not have a clue as to why store of value means a lot to investors:  A store of value is any commodity or asset that would normally retain purchasing power into the future and is the function of the asset that can be saved, retrieved and exchanged at a later time, and be predictably useful when retrieved.

Despite the volatility factor, the logic is what goes up comes down and that is the way the market is. And, nothing could go up forever.

Probably this led Michael Saylor state, “Investors are embracing Bitcoin as Digital Gold.”

Community has mixed response to the well-meant statement from Saylor:  The U.S. government never “confiscated” gold. They made it illegal to own gold and asked citizens to turn theirs in. Lots of people didn’t and nothing happened to them. The government can do the same with Bitcoin, only it would be easier to punish those who don’t turn it in.

How would it be easier? You can’t just say lies and not elaborate.

Easier to track Bitcoin transactions than transactions in physical gold.

Or, people will move to El Salvador, we know the US gov is against El Salvador for things like Bitcoin.  The government should stop “taking” stuff to put it in their war budget.  Too many taxes and still no free care like in England? Education? ETC.

You’ve been harping on forever it seems. Crypto lost its shine for the masses already I’m afraid. If I want to gamble – I’ll just gamble at a casino.

Bitcoin going down now what do you think about your profits.

BTC is old, slow, expensive, power-hungry, and has zero rewards for holders. Most people are in the red, too, and it’s going to be to 15k dollars. It likely won’t ever get back above 30k dollars when that happens.

There is 21 million BTC fixed for max supply.  About, 13.6 million has been mined so far.  About 8.6 million is locked in governance.

Bitcoin is even far better than gold. And way more than just a Digital Gold. Humanity has yet to realize many positive future impacts from the emergence of Bitcoin.

Most people realize it, but Bitcoin is not necessarily what you say it is.

Because he must control the crypto world also. They never stop, always hungry for more power, more money.

Investors are selling Bitcoin.  Investors can’t bear it and must sell. If they don’t sell now, they will lose even more.

I’m wondering, why all Bitcoiners hate gold and the next few words that follow are: Bitcoin is the digital gold. Bitcoin is not Gold – bitcoin will never be gold. Bitcoin for dummies: “What is bitcoin?” Bitcoin is a lot of numbers where people looking for in the cloud. It’s air.