Alan Hibbard recently tackled some of the toughest questions our community has about Bitcoin, gold, and silver. In this thought-provoking video, he explores whether Bitcoin is truly money, why companies abandoned it as a payment method, and how it compares to the time-tested value of gold and silver. Below are some of the key takeaways from his analysis. Bitcoin: Commodity, Currency, or Store of Value? One viewer argued that Bitcoin can’t be a commodity because it isn’t on the periodic table of elements. Alan quickly counters: plenty of commodities aren’t elements — think lumber, corn, or soybeans. By market definition,
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