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Serious question. Am a small time buyer of both. Bitcoin is a new asset obviously but it seems no serious entity other than central banks hold any meaningful amount of gold. I transact in gold in grams but central banks do it in tons.
In other words, the scale difference seems much larger than the difference between Bitcoin operations of me and Strategy (the company).
Does it mean gold is even more susceptible to whale dump from a few entities (resulting in sale orders digging through the orderbook resulting in loss of liquidity? Does it make gold less liquid than Bitcoin?
I think gold holding is extremely decentralized at the consumer level. However, institutional gold holding makes up the large majority, mainly through central banks. It is the asset of last for governments.
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Okay, so what is a good metric of centralisation here? And particularly, how does centralisation correspond to single whale dump to tank the market? Like strategy can tank BTC, can some big gold holder tank gold as well?
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pure garbage fiat mindset YNGMI
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You so mean
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Why? Because I am pointing out something that is true?
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