Actually, I would not recommend an "either/or" approach but rather a blend. As pointed out above, crypto is more transportable, but possibly subject to some unusual risks, relative to "money." Gold is durable and practically, only mine-able, unless one has a pair of neutron stars available and controlled.

Yes, one can make more gold, but it is incredibly expensive. The irony is that it is relatively easy to convert gold to lead using a neutron source. Now, that is properly defined as the SADIM touch.

Well, that's the funny part of the Gold/Silver bugs. Step ONE for the banks was to create a Paper Market, and manipulate it. LOL.

And the gold/silver ratio. I bought 60% silver/ 40% gold, because "These ratios will reverse and you will be able to sell your silver to get even more gold".

Luckily I stopped doing that. BUT the value difference actually swapped my account to 60% gold in value now. LOL. All manipulated.
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About the bit depth.
BTC is using 256 Bits. That represents more atoms than exist in the universe. 10^78 sized numbers.

Qubits are a LOT more expensive to build, and tying them together to be big enough to "solve" the unknown and reveal a key requires at least 256 qubits and an idea about how to "resolve" to the right answer.

There are simple protections, like move ALL or your BTC to a FRESH wallet when you spend any of it. This means nobody knows your PUBLIC Address.

The second thing. Just increase the bitness. Many encryption techniques I use, use 4000 bits.
That's not 8 times HARDER.

Every bit added makes it TWICE as hard. 2^4000 TIMES harder.

Suddenly, you have to build a 5,000 Qubit system.

Also, despite a few small wins. Quantum computing is still MOSTLY HYPE, IMHO.

You are being fed FUD (Fear Uncertainty and Doubt), while JPM gets their biggest clients into BTC.

Thanks for the thoughtful reply.
Might AI gain control over bit depth?
If that happens, the reputation of crypto could be ruined and the masses will run back to the cartel.
(Of course, I am no expert in how bit depth is manipulated so I may be off base here. ;^)

Unless there is a method to create gold like fiat, I like having physical in my control, not the banking cartel - even though they have manipulated the gold/silver price for decades.

I read your article with some light skimming on the history stuff.

First, thank you for sharing.

Second, you miss a few points. Gold is NOT money everywhere. I challenge you to bring 2 oz of gold to Russia. And tell me where you sell it? Who takes it, and what they pay you for it?

You will end up selling it as scrap gold to a jeweler... MAYBE. Yeah, in China, it's easy.
Here it is easy.

North Korea?
We tend to forget about some of these, because we think of countries LIKE OURS.

This is the same issue with complaining that BTC requires the internet. Yes, it's a risk. Without electricity BTC is useless.

So are most of my devices in my house. It doesn't mean they don't have VALUE.

Also, you left off 2 key pieces. ONE of the original selling points of BTC was to FORCE the government to use it.

We Americans pay our taxes. We should REQUIRE the government convert them to BTC and pay for all of their services with BTC.

Because it creates a permanent ledger of where the money went. This was born out of the 2008 market crash. Where we found we were being RAPED and having our money looted and sent around the world. Banks (Citi) levered 42:1 (yes, they loaned EVERY DOLLAR 42 times for every dollar they had on deposit). Thanks Fiat.

BTC should sit BETWEEN: Fiat and Gold.
And BTC should be part of any hedge against the future.

Just because YOU can't comprehend it's value, doesn't mean NOBODY Can.

Michael Saylor uses this example. If I were to offer you:
A) $1 Billion in GOLD
B) $1 Billion in CA or NY Real-Estate
C) $1 Billion in BTC

Which would you prefer? The only condition is that you cannot spend/sell it for 20 years. Any of it. Not one Oz.

Can you name your RISKS with each of them?
What is the carrying costs of that property?
Where will you store your Gold? At what price?
Where will you store your BTC? At what price?

Now... What happens if you want to MOVE to your GULCH outside of the country? Which one goes with you? At what cost?

I understand that most people here are AGAINST BTC. Just like Edison was Against A/C power. A little fear can go a long way.

Personally, the freedom of having "money" that cannot be counterfeited is amazing. To be able to track US Govt -> USAID -> ActBlue | Immigrant Importation Services| Social Security -> FAKE PEOPLE, because we can see 1000 SSIs moving their money around to a small group...

That was the original promise of BTC.
But then FREEDOM minded people realized. Oh, once we move into this world, we can transact without the GOVERNMENT saying "No!".

This is 100% the opposite of the Global Banking System (which is above the law). And 100% opposite CBDC (which is BILLIONS of times worse the Fiat Currency).

And, you guys have NO PROBLEM getting paid in Dollars, which you admit is Fiat and is FAKE MONEY.

But you would rather hold dollars than BTC.

I hold both. Because it's prudent, and I am hopeful that some day... Governments are not required to transact with other people between us.

Finally. It's not just code. It's Code + A Safe Network, proven over the years! You don't need to trust the code. Trust the network. Because a different network could vote to CHANGE the code.

In a CBDC it's the "network" of central banks that are the problem. They can (and will) change the code so that they can charge you a negative interest rate, or make your money expire!

AI will likely SPEND/USE crypto. (Not BTC). But a cheaper coin: LTC. Where you can buy $0.00001 item that makes the AI bot more effective, or give it access to what you want. This is where they will monetize AI and it's capacities. You want MICRO Payments at high speeds, with high trust.

The bit depth of Crypto can be changed, keeping it forever out of the reach of "AI Calculations". Besides, the rough cost of trying to crack a wallet is more than the wallet will contain. You have to crack each wallet separately.

Or course it has. The classic purchase of real-estate leverages debt. So you are LONG real-estate and SHORT dollars. The majority of the gains from Real-estate are from INFLATION (or the short side of the equation).

Throw in Taxes and Insurance. And Florida is a living example of destroying the value of real-estate. Watch was prices continue to contract.

I'll put gold up against a massive solar flare that could wipe virtual money out of existence.

Even our paper money could still serve as an IOU between traders.

The rich can debate on which is better Bitcoin or Gold. For myself I will maintain my investments in Brass and Lead.

You know, without researching it, I have only my "impression," but my impression is that real estate has been the prime investment and hedge against inflation, more so than other investments, for most Americans. For all that I invested and saved and tried stocks and gold...the home I bought in East Hampton for entirely personal reasons, ended up saving my retirement years. Over time, investments in Bitcoin have been perhaps the most wildly speculative, and wildly successful, of any. $5000 in Bitcoin 15 years ago would be $444 billion, now. That means nothing to anyone. It means that Bitcoin is not conceivably "money." Gold, by contrast, has acted perfectly as "real money" and has been among the best (sane) investments you could make. Thanks for taking a moment to comment!

My question is what will replace real estate as a hedge on inflation? Classic cars? Haha...I jest a little. But, these are relevant questions now...

As I argue in the article, nothing will make Bitcoin, or crypto, a replacement for gold. The answer to the question in the title is "NO." My son mentioned today that at an Objectivist summer seminar 15 years ago, a guy urged him to put just $5000 in Bitcoin. That would be worth $444 billion today. That is not money. It represents NOTHING in the real world but speculative frenzy over a novelty. But the blockchain itself has many valid uses.

Will AI break crypto or make it better?