Actually today I watched a video on facebook which is about spending bitcoin and gold in USA,it says it is difficult to spend bitcoin but some places are accepting bitcoins accepting as payment like supermarket,restaurants and some institutions.But no one accepting gold as payment then why still people says gold is better?
I think it is because the fact that gold is tangible and can easily be stored physically without worrying to be hacked or phished online specially to those who are not well knowledgeable in the internet. Gold also is present and been existing generation by generation compared to Bitcoin who is fairly new to our society and is not widely acceptable. Bitcoin also has some drawbacks specially its fees and transaction rate. Its price is also volatile that can cause instability in its value. But I think if it can be overcome and can come up with a solution then we can see a universal currency that can dominate the financial market.