Bitcoin is termed as digital gold as its value has increased tremendously and also as it has attracted more gold investors.But still,gold has been used as a safer investment for centuries and it's free from high volatile nature which bitcoin lacks.
Yeah, I agree. There are similarities between Bitcoin and Gold. Bitcoin has a limit of production of about 21 million and Gold is a non-renewable resources. Gold served as currency many many years ago, used in trading, payments for services and etc. as Bitcoin does today. And I thing, Bitcoin is equivalent to Gold in the cryptocurrency and may named "DIGITAL GOLD" simply because of its precious value, popularity and being at the top of all currencies.