10 Things You Need To Know About Bitcoin #4: Digital Gold | 016

Dan and Trent break down a very effective mental model for thinking about Bitcoin.Episode #4: Digital GoldBitcoin can be tough to explain“Digital Gold” is a very effective mental model.  Elevator pitch for BitcoinWhy did gold emerge as the dominant monetary asset everywhere in the world Hard money humans cannot corrupt.  Plus it is very durable and also divisibleGold worked as a store of value in the analog world, but we now live in digital ageDemographics: world becoming more and more digital every dayNow 8 billion people everywhere in the world can own digital goldThe countries with the fastest growth rates need it the mostIf all Bitcoin does is become digital gold, it is a 20x returnBut Bitcoin is actually 100 times better than gold, so it is not stopping there.  Bitcoin will absorb value from every asset class in the worldToday’s song: Golden Years by David Bowie