--- title: "Meaning & Key Takeaway of: Bitcoin is not an actual physical coin…" description: "\"Bitcoin is not an actual physical coin, and if computers are shut down, you can't buy or sell them. That's why nothing will ever replace gold and silve..." image: "https://sms4smile.com/quotes/i/92c/mark-skousen-11524_bitcoin_bitcoin-is-not-an-actual-physical-coin-a_3231054.png" --- # Bitcoin is not an actual physical coin, and if computers… ![“Bitcoin is not an actual physical coin, and if computers are shut down, you can't buy or sell them. That's why nothing will ever replace gold and silver coins themselves, and all investors should have them at home or in a safe deposit box.” quote by Mark Skousen](https://sms4smile.com/quotes/i/92c/mark-skousen-11524_bitcoin_bitcoin-is-not-an-actual-physical-coin-a_3231054.png) [Download](https://sms4smile.com/quotes/i/92c/mark-skousen-11524_bitcoin_bitcoin-is-not-an-actual-physical-coin-a_3231054.png) [Open image](https://sms4smile.com/quotes/i/92c/mark-skousen-11524_bitcoin_bitcoin-is-not-an-actual-physical-coin-a_3231054.png) > “Bitcoin is not an actual physical coin, and if computers are shut down, you can't buy or sell them. That's why nothing will ever replace gold and silver coins themselves, and all investors should have them at home or in a safe deposit box.” [Mark Skousen](https://sms4smile.com/quotes/author/mark-skousen/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Physical coins are tangible, but digital assets like Bitcoin depend on powered infrastructure, limiting their reliability as a universal store of value. **In simple terms:** Bitcoin needs electricity; gold doesn’t. Key Takeaway Diversify with tangible assets. Themes investment risk tangibility technology security Mood cautious pragmatic Type advisory financial When to use this quote - personal finance - wealth preservation - emergency planning Key Concepts cryptocurrency store of value infrastructure Questions to Reflect On - How would you protect wealth if digital networks collapse? - Is physical gold truly safer than digital? A Different Perspective Digital reliance can fail during power outages or cyber attacks. ★ ★ ★ ★ ★ No ratings yet [Bitcoin](https://sms4smile.com/quotes/about/bitcoin/) [Computer](https://sms4smile.com/quotes/about/computer/) [Computers](https://sms4smile.com/quotes/about/computers/) [Currency](https://sms4smile.com/quotes/about/currency/) [Deposits](https://sms4smile.com/quotes/about/deposits/) [Gold](https://sms4smile.com/quotes/about/gold/) [Gold and silver](https://sms4smile.com/quotes/about/gold-and-silver/) [Home](https://sms4smile.com/quotes/about/home/) [Investors](https://sms4smile.com/quotes/about/investors/) [Silver](https://sms4smile.com/quotes/about/silver/) ## Related quotes > [I saw Bitcoin as an actual market opportunity: as a trillion-dollar marketplace with long-term potential.](https://sms4smile.com/quotes/adam-draper/i-saw-bitcoin-as-an-actual-market-opportunity-as-a-trillion-dollar/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [Prayer is not a check request asking for things from God. It is a deposit slip - a way of depositing God's character into…](https://sms4smile.com/quotes/dutch-sheets/prayer-is-not-a-check-request-asking-for-things-from-god-it-is-a/) [Dutch Sheets](https://sms4smile.com/quotes/author/dutch-sheets/) > [I call on the Australian Government to set out the conditions upon which they will provide a taxpayer funded backing for wholesale term funding…](https://sms4smile.com/quotes/julie-bishop/i-call-on-the-australian-government-to-set-out-the-conditions-upon/) [Julie Bishop](https://sms4smile.com/quotes/author/julie-bishop/) > [The life we live is just a colourful and deposit toy. Some of us take it so seriously and fight and cry for it.…](https://sms4smile.com/quotes/shams-tabrizi/the-life-we-live-is-just-a-colourful-and-deposit-toy-some-of-us-take/) [Shams Tabrizi](https://sms4smile.com/quotes/author/shams-tabrizi/) > [The functionaries of every government have propensities to command at will the liberty and property of their constituents. There is no safe deposit for…](https://sms4smile.com/quotes/thomas-jefferson/the-functionaries-of-every-government-have-propensities-to-command-at/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [You don't want flame to hit your food. Flame is bad. Flame does nasty things to food. It makes soot and it makes deposits…](https://sms4smile.com/quotes/alton-brown/you-don-t-want-flame-to-hit-your-food-flame-is-bad-flame-does-nasty/) [Alton Brown](https://sms4smile.com/quotes/author/alton-brown/) > [It wasn't all romantic. I didn't have a dorm room, so I slept on the floor in friends' rooms, I returned coke bottles for…](https://sms4smile.com/quotes/steve-jobs/it-wasn-t-all-romantic-i-didn-t-have-a-dorm-room-so-i-slept-on-the/) [Steve Jobs](https://sms4smile.com/quotes/author/steve-jobs/) > [This is a unique deposit not just in terms of reserves, but also in terms of extraction techniques. Therefore there're grounds to talk about…](https://sms4smile.com/quotes/viktor-khristenko/this-is-a-unique-deposit-not-just-in-terms-of-reserves-but-also-in/) Viktor Khristenko > [It is important for America that the moral truths which make freedom possible should be passed on to each new generation. Every generation of…](https://sms4smile.com/quotes/pope-john-paul-ii/it-is-important-for-america-that-the-moral-truths-which-make-freedom/) [Pope John Paul II](https://sms4smile.com/quotes/author/pope-john-paul-ii/) > [All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of…](https://sms4smile.com/quotes/franklin-d-roosevelt/all-safe-deposit-boxes-in-banks-or-financial-institutions-have-been/) [Franklin D. 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Each training session…](https://sms4smile.com/quotes/grete-waitz/if-you-are-training-properly-you-should-progress-steadily-this-doesn/) [Grete Waitz](https://sms4smile.com/quotes/author/grete-waitz/) > [It's rewarding to know that a song is doing more than just helping someone to have a nice day: it's actually leaving a deposit…](https://sms4smile.com/quotes/natalie-grant/it-s-rewarding-to-know-that-a-song-is-doing-more-than-just-helping/) [Natalie Grant](https://sms4smile.com/quotes/author/natalie-grant/) > [There cannot be a surer rule, nor a stronger exhortation to the observance of it, than when we are taught that all the endowments…](https://sms4smile.com/quotes/john-calvin/there-cannot-be-a-surer-rule-nor-a-stronger-exhortation-to-the/) [John Calvin](https://sms4smile.com/quotes/author/john-calvin/) > [Common sense is nothing more than a deposit of prejudices laid down in the mind before you reach eighteen.](https://sms4smile.com/quotes/albert-einstein/common-sense-is-nothing-more-than-a-deposit-of-prejudices-laid-down/) [Albert Einstein](https://sms4smile.com/quotes/author/albert-einstein/) ## More by Mark Skousen > [No one spends someone elses money as carefully as he spends his own.](https://sms4smile.com/quotes/mark-skousen/no-one-spends-someone-elses-money-as-carefully-as-he-spends-his-own/) [Mark Skousen](https://sms4smile.com/quotes/author/mark-skousen/) > [The true principle of taxation is the benefit principle - those who benefit from a government service should pay for it. It's also known…](https://sms4smile.com/quotes/mark-skousen/the-true-principle-of-taxation-is-the-benefit-principle-those-who/) [Mark Skousen](https://sms4smile.com/quotes/author/mark-skousen/) > [In the early 1980s, I burned my Social Security card at the New Orleans Investment Conference in protest of the state pension system.](https://sms4smile.com/quotes/mark-skousen/in-the-early-1980s-i-burned-my-social-security-card-at-the-new/) [Mark Skousen](https://sms4smile.com/quotes/author/mark-skousen/) > [Today's political leaders demonstrate their low opinion of the public with every social law they pass. They believe that, if given the right to…](https://sms4smile.com/quotes/mark-skousen/today-s-political-leaders-demonstrate-their-low-opinion-of-the-public/) [Mark Skousen](https://sms4smile.com/quotes/author/mark-skousen/) > [Fraud is common when you give away billions. Fraud related to Hurricane Katrina spending is estimated to top $2 billion. 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Just ask people who…](https://sms4smile.com/quotes/mark-skousen/contrary-to-what-president-obama-said-in-his-inaugural-address-going/) [Mark Skousen](https://sms4smile.com/quotes/author/mark-skousen/) > [Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure. A centrally…](https://sms4smile.com/quotes/mark-skousen/taxation-is-the-price-we-pay-for-failing-to-build-a-civilized-society/) [Mark Skousen](https://sms4smile.com/quotes/author/mark-skousen/) > [In short, my vision of a responsible free society is one in which we discourage evil, but do not prohibit it. We make our…](https://sms4smile.com/quotes/mark-skousen/in-short-my-vision-of-a-responsible-free-society-is-one-in-which-we/) [Mark Skousen](https://sms4smile.com/quotes/author/mark-skousen/) > [Who uses funds more productively - private citizens or the government? I dare say that Warren Buffett can use his surplus funds more effectively…](https://sms4smile.com/quotes/mark-skousen/who-uses-funds-more-productively-private-citizens-or-the-government-i/) [Mark Skousen](https://sms4smile.com/quotes/author/mark-skousen/) > [The profit motive promotes economic growth by creating better products at cheaper prices.](https://sms4smile.com/quotes/mark-skousen/the-profit-motive-promotes-economic-growth-by-creating-better/) [Mark Skousen](https://sms4smile.com/quotes/author/mark-skousen/) > [Negative books can be bestsellers, but seldom classics.](https://sms4smile.com/quotes/mark-skousen/negative-books-can-be-bestsellers-but-seldom-classics/) [Mark Skousen](https://sms4smile.com/quotes/author/mark-skousen/) > [Back in 1960, the paper dollar and the silver dollar both were the same value. They circulated next to each other. Today? The paper…](https://sms4smile.com/quotes/mark-skousen/back-in-1960-the-paper-dollar-and-the-silver-dollar-both-were-the/) [Mark Skousen](https://sms4smile.com/quotes/author/mark-skousen/) > [I've felt for some time that economics needs to be taught differently by economists who actually have had experience making a payroll or investing…](https://sms4smile.com/quotes/mark-skousen/i-ve-felt-for-some-time-that-economics-needs-to-be-taught-differently/) [Mark Skousen](https://sms4smile.com/quotes/author/mark-skousen/) [Explore all 59 Mark Skousen quotes ](https://sms4smile.com/quotes/author/mark-skousen/) ## More Bitcoin quotes > [The bitcoin network is not a payments network and it is not a scaling network.](https://sms4smile.com/quotes/sam-bankman-fried/the-bitcoin-network-is-not-a-payments-network-and-it-is-not-a-scaling/) [Sam Bankman-Fried](https://sms4smile.com/quotes/author/sam-bankman-fried/) > [I had been exposed to bitcoin early. I thought the consumer application of it felt, to me, further away. I thought there would be…](https://sms4smile.com/quotes/brad-garlinghouse/i-had-been-exposed-to-bitcoin-early-i-thought-the-consumer/) [Brad Garlinghouse](https://sms4smile.com/quotes/author/brad-garlinghouse/) > [In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the…](https://sms4smile.com/quotes/steve-hanke/in-2008-bitcoin-was-mysteriously-introduced-to-the-world-in-an/) [Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/) > [We need to come up with use cases for this technology that drive clear benefits for individuals and institutions - these are our customers.…](https://sms4smile.com/quotes/abigail-johnson/we-need-to-come-up-with-use-cases-for-this-technology-that-drive/) [Abigail Johnson](https://sms4smile.com/quotes/author/abigail-johnson/) > [Sir Richard Branson started out as a small business owner and now owns a conglomerate that will give you a ride to the moon.…](https://sms4smile.com/quotes/perianne-boring/sir-richard-branson-started-out-as-a-small-business-owner-and-now/) [Perianne Boring](https://sms4smile.com/quotes/author/perianne-boring/) > [Exchanging bitcoin on behalf of ransomware victims should not be construed as criminal activity by the exchanger, not as a matter of law nor…](https://sms4smile.com/quotes/perianne-boring/exchanging-bitcoin-on-behalf-of-ransomware-victims-should-not-be/) [Perianne Boring](https://sms4smile.com/quotes/author/perianne-boring/) > [Until part of your paycheck is regularly paid in Bitcoin, I'm not sure how it would really go mainstream. I can imagine places in…](https://sms4smile.com/quotes/gavin-andresen/until-part-of-your-paycheck-is-regularly-paid-in-bitcoin-i-m-not-sure/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [Calling bitcoin volatile - it's a non-statement. Unregulated assets with unclear regulatory landscapes are always going to be volatile. That's what unregulated assets do.](https://sms4smile.com/quotes/tyler-winklevoss/calling-bitcoin-volatile-it-s-a-non-statement-unregulated-assets-with/) [Tyler Winklevoss](https://sms4smile.com/quotes/author/tyler-winklevoss/) > [We see bitcoin as potentially the greatest social network of all.](https://sms4smile.com/quotes/tyler-winklevoss/we-see-bitcoin-as-potentially-the-greatest-social-network-of-all/) [Tyler Winklevoss](https://sms4smile.com/quotes/author/tyler-winklevoss/) > [As the platform and protocol become more ingrained in society, get built into products and services, and basically become more of the mesh of…](https://sms4smile.com/quotes/barry-silbert/as-the-platform-and-protocol-become-more-ingrained-in-society-get/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [Bitcoin is not “unregulated”. It is regulated by algorithm instead of being regulated by government bureaucracies. Un-corrupted.](https://sms4smile.com/quotes/andreas-antonopoulos/bitcoin-is-not-unregulated-it-is-regulated-by-algorithm-instead-of/) [Andreas Antonopoulos](https://sms4smile.com/quotes/author/andreas-antonopoulos/) > [The rudest possible gift is a gift card. It means you think the person is stupid and has no interests. The only good gift…](https://sms4smile.com/quotes/john-waters/the-rudest-possible-gift-is-a-gift-card-it-means-you-think-the-person/) [John Waters](https://sms4smile.com/quotes/author/john-waters/) > [If the U.S. government tries to restrict or clamp down, that just means there will be many more bitcoin businesses in Hong Kong and…](https://sms4smile.com/quotes/roger-ver/if-the-u-s-government-tries-to-restrict-or-clamp-down-that-just-means/) [Roger Ver](https://sms4smile.com/quotes/author/roger-ver/) > [What bitcoin does better than the current financial system is it's a better stored value globally. There are a lot of countries that really…](https://sms4smile.com/quotes/adam-draper/what-bitcoin-does-better-than-the-current-financial-system-is-it-s-a/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [You really want some natural way for people to get Bitcoins, as part of their paycheck or some other activity so they can turn…](https://sms4smile.com/quotes/gavin-andresen/you-really-want-some-natural-way-for-people-to-get-bitcoins-as-part/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) [Browse all 364 Bitcoin quotes ](https://sms4smile.com/quotes/about/bitcoin/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Bitcoin is not an actual physical coin, and if computers are shut down, you can't buy or sell them. 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