Post
Topic
Board Economics
Re: Bitcoin or gold?
by
gracia0023
on 26/06/2017, 12:33:45 UTC
There are a couple of advantages that make Bitcoin is better than gold, at least for the millennial generation, which understands the digital currency better than the previews generation. To know it gold is for instance, but bitcoin is a convenient medium of payments around the globe, though for a limited number of transactions. Otherwise bitcoin supply is expected to be limited to in a million numbers. In the other side the supply of gold is expected to increase anytime its price rises, as it provides an incentive for gold miners to mine for gold. To be fair, gold has its own advantages too. It can be used as an outright gift, to make jewelry, and in manufacturing of certain products. That’s why investors shouldn’t rush to substitute the yellow metal for the digital currency in their portfolio and specially if they don’t quite understand the nature of the digital currency.