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 main factor that bitcoin in still this validity of investment is the price value of itself,this is the reason why bitcoin is a huge impact to us people ,and its helps also promoting the economic growth of responsibility.actually this is the mainstream why bitcoin is the newest technology in the form of digital currency can be competent to gold in terms of price value,therefore we should consider this,bitcoin as a money because of its usefulness and importancy in any kind of transaction,like billing or other important matters.