Quantitative analyst PlanB is talking about one of the properties of Bitcoin (BTC) that makes it harder to manipulate than gold.
In a recent interview, the trader under the alias PlanB revealed that the intrinsic properties of Gold make it harder to be collected.
He further added that every year insurance and vault cost run about 1% of the gold collection, transportation fee further adds to this cost.
He indicated that there are no such costs associated with Bitcoin.
PlanB also notifies that currently exchanges are being used for trading Bitcoin, but they do not give custody. He indicates a risk that is involved here, what if the government bans traders from withdrawing their Bitcoin to personal storage.
He believes that once this happens, BTC is lost.
This hyper-probability, at present, makes BTC manipulation very difficult in comparison to the manipulation of gold which is very easy.
Disclaimer: The article should not be considered as any financial advice. It is advisable to conduct thorough research before investing.
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