Post
Topic
Board Economics
Re: Holdings of gold vs Holdings of btc
by
stayeduptolate
on 23/03/2018, 06:08:30 UTC
Does anyone have any idea how many people are using gold as a store of value vs btc?  And how long do you think until we have the same user Base as holders of gold?
It’s  true that bitcoin has gained a lot of popularity and has defeated gold in the terms of price but still I prefer holdings of gold over holdings of bitcoins because firstly, gold is way more popular than bitcoin and has way more users than bitcoin. Then gold is accepted everywhere whereas bitcoin is not accepted everywhere. Gold is stable form of currency whereas bitcoin is not stable form of currency and its prices keeps on fluctuating very often. Then people trust gold whereas they don’t trust bitcoins.