Survivalists Are Storing Bitcoin Instead of Gold

Bitcoin continues to fascinate different segments of society. Bitcoin’s resiliency and unique inherent features are now increasingly appealing to those concerned with surviving a nuclear meltdown, an asteroid impact, an economic apocalypse, or any other dire disaster. Concurrently, the survivalists or preppers’ market is expanding exponentially.

Bitcoin Better than Gold in a Nuclear Meltdown

Bitcoin is more attractive than gold. Steve Wozniak, Apple’s co-founder, explicitly declared it: “Bitcoin is better than gold.”

Survivalists share Wozniak’s sentiment wholeheartedly, to such an extent that in the event of apocalyptic disasters, they would prefer to have Bitcoin rather than gold.

In an article entitled “These Doomsday Preppers Are Starting to Switch from Gold to Bitcoin,” Bloomberg refers to the findings of Charlie Morris, Stanley Chief Investment Officer:

When Morris surveyed hundreds of executives attending the London Bullion Market Association’s annual conference last month, one in 10 said they’d rather own bitcoin than gold following a nuclear war.

Bitcoin offers critical features that make it an excellent store of value. Among others, these features include scarcity, fungibility, divisibility, portability, and durability.

Because of Bitcoin’s features and its impressive growth, Tom Price, Chief Equity Strategist, told Bloomberg: […]

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