The bitcoin vs gold debate has raged on in investment circles since bitcoin has entered mainstream discussion among increasingly interested investors. Gold has been used as a form of currency and trade for thousands of years, and certainly has a track record for reliability and preservation of wealth. However, as the newcomer onto the scene, bitcoin may be the kind of financial and technological breakthrough to to challenge gold as the monetary kingpin.
Early on in its life cycle, seasoned investors began questioning the legitimacy of bitcoin value and debating how such a commodity could hold intrinsic value. What differentiates bitcoin from a mere collectible and what makes it similar to precious metal assets such as gold or silver? Among many circles, especially gold bugs and older-generation investors, bitcoin was not considered a valid investment up until very recently.
Which factors of bitcoin instill this validity of investment?
Watch VideoThe moment I saw my friends, making a real progress working on bounty campaigns where they can buy things they want and they can go anywhere is when I have decided that bitcoin can be considered as a currency. There will be people who won't believe at first because they are afraid to take risks and cannot handle to lose a huge amount of money. I cannot guarantee that bitcoin will be the future currency because there is a fluctuating value that most of the people won't understand.