Bitcoin is like digital gold ........ is it correct? It is a transferable asset but not duplicable ..... do you agree? What are the points in favor and those against this statement? I would like a very analytical and specific arisposal.
Bitcoin can now be compared to digital gold, if you mean that now people use it primarily as a repository of value. However, if this continues to happen, then in the future the situation will change for the worse. The primary use of bitcoin as a repository of value limits the offer for sale in the market and therefore leads to an increase in its price. At large price values of bitcoin, it will pose a big risk for investors and, accordingly, it can any day due to the occurrence of a possible panic drop in value until depreciation. Therefore, in this case, it will then be an unreliable repository of value and digital gold.