Post
Topic
Board Economics
Re: Holdings of gold vs Holdings of btc
by
Baehr123456789
on 01/10/2017, 04:12:59 UTC
You can get Bitcoin by exploiting them or exchanging on trading floors in conventional currencies. The value of Bitcoin lies in its properties. Like a conventional currency, it is a medium of exchange, a unit of calculation, and a place of value. Gold is clearly a unit of calculations. It is measured and valuable compared to all the currencies we use everyday. Gold is a medium of exchange. Gold is a core element of the central bank's reserve assets. Gold is still appreciated in the global trading environment, especially in times of crisis. This was Iran, Greece, Venezuela demonstrated using to pay for the debt.