Post
Topic
Board Economics
Re: Bitcoin the new gold
by
Schuyler
on 27/09/2017, 13:21:20 UTC

I would not call bitcoin a new gold, if only because how many years gold is held in price and how many bitcoins. But as an investment bitcoin is worth considering.

I agree,bitcoin is not a new gold. I think bitcoin is more than a gold. They are both considered as an investment. But one of the advantages of bitcoin is we can trade Bitcoin 24/7 with no need for a place to keep it physically. Physical gold cannot always be bought instantly, and you need to have a place to store it as it's a physical commodity.