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?
Gold is still better than bitcoin. Because if bitcoin is the father of all cryptocurrency. Then The Real money is the father of bitcoin. And Gold is the father of Real money. Did you get it? I hope you got it. Gold is also can be made as Jewelries unlike bitcoin. Yes, bitcoin can be exchange to cash. But Gold is still better.
Father oh father. All about father but not mother.
You said that gold is mother of fiat money because before we use gold for payment system.
The payment system call barter. To get our stuff for daily need like food, we need to buy it with other stuff or gold.
It is hard to use the gold as a payment system so you should know better what is good and what is wrong, I can use payment system of bitcoin more easily than gold. Gold will charge you a lot of tax and it will be very dangerous to have a lot of gold at home as it has the physical presence but the bitcoin is the digital currency it does not have any physical presence and it use to kept in bitcoin wallet only that no one can use except you, so it is true that bitcoin is much better than gold in price and in demand as well.