Adamant Capital’s Founding Partner Deems Bitcoin as Being, “More Politically Neutral Than Gold”

The Founding Partner at Adamant Capital, deemed a Bitcoin Alpha Fund, Tuur Demeester, recently took to Twitter to share his viewpoints on the differences between Bitcoin and gold.

In addition to the evident differences displayed, it is clear that he’s leaning more towards the crypto giant than gold.

In his opinion, “Bitcoin is arguably more politically neutral than gold,” and his reason for making such a claim stems from both assets’ storage.

In particular, he believes that BTC is more neutral than gold because its storage is the cloud. He further made the case that:

“A gold bar is by definition stored on one nation’s territory, whereas Bitcoin’s collaborative custody allows for non- or multi-geographic storage.”

Twitter user, Justin Moon, made a comment regarding bitcoin and gold mining, in which the user wondered whether the former is “more or less geopolitically distributed” than the latter, to which Demeester trusts that it may be less today, but there’s lots more for what the future holds. In particular, he responded:

“My hunch is: less distributed than gold mining today but will be more distributed than gold mining in 10 years from now.”

Another user had an opposing stance on the claims Demeester made. More specifically, Dan Talmon argued that BTC is not politically neutral due to its “very structure” which he describes as “an embodiment of classic Western liberal views,” which are “in opposition” of other parts of the world.

Here’s what Demeester had to say to the aforementioned:

AMB Crypto, who also explored the statement made, further elaborated on the differences of gold and BTC. One being their very nature, where the former is more controlled, versus the latter carrying no real regulatory body with the aspect of decentralization being its foundation.

They’ve also compared the overall performance of both assets over the course of 2019, and have since noted that gold has displayed fluctuating, horizontal trends, while BTC has shown an upward trend despite its fluctuations.

This being said, gold has been around long enough for people to view it as a less risky investment, versus Bitcoin that dropped by over 85% after it reached its all-time high of roughly USD$19,783.06.

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