Any major reality bombs on why Bitcoin (BTC) is a greater store of wealth than gold have been released by a Canadian restaurant chain famous for offering shawarma, hummus, and other Middle Eastern cuisines. 

The Tahini’s Restaurants located in Ontario, elaborated in a number of tweets why Bitcoin, and not gold, is the safest way to protect one’s money. 

Tahini wrote, “We looked our financial advisor in the eye and told him gold will turn into a scam because of bitcoin”, before illustrating that the years of gold are limited. 

Directly opposed to what gold enthusiasts believe, the real worth of the yellow metal derives from individuals and institutions holding it as a precious asset in vaults, the restaurant says. 

Bitcoin shifts it into another era. Posted on twitter by Tahini:

“Unlike gold, Bitcoin is 100% monetary premium which means it is not used for electronics or any other use cases other than pure money”

It also adds that:

Bitcoin dematerializes value and makes it digital which made it easier to move value across the world without the need for any third parties. We can move $100 million from Canada to the uk to Australia and back to Canada in 2 hours for 30 bucks MAX.”

Meet the restaurant that decided to keep its cash in Bitcoin |  BitcoinDynamic.com

For his unwillingness to look under gold, throw in an aim at Peter Schiff and you have a remarkably thought-provoking Twitter post. Not exactly what you would expect from a chain of restaurants in Canada. 

Earlier in the month, Tahini’s had shared its contempt for gold in the less eloquent words when it posted on twitter: “gold is a shitty store of value…” 

A little background: Back in August, Tahini gained notoriety when it revealed it would devote its whole cash on hand to BTC. The choice received support from the support of Anthony Pompliano, Max Keiser, and Stacy Herbert. 

But it’s not just some obscure Canadian diner that claims that Bitcoin distribution is decreasing gold. And JPMorgan, the arch-rival of Bitcoin, believes BTC is swallowing gold. The financial institution shared:

“The adoption of bitcoin by institutional investors has only begun, while for gold, its adoption by institutional investors is very advanced. If this medium to longer-term thesis proves right, the price of gold would suffer from a structural headwind over the coming years.”

For Bitcoin, 2021 has the opportunity to be an exciting year. With corporate acceptance on the path businesses such as Tahini are giving a clear warning to small and medium-sized businesses that their money’s valuation is steadily decreasing. The only currency designed to maintain buying power over time is Bitcoin.

LEAVE A REPLY

Please enter your comment!
Please enter your name here