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.
Personally, I am skeptical about this statement. While everything is fine, bitcoin can be compared with digital gold. However, it will not always grow and increase in its value. Already, certain problems are outlined in this regard. What will happen to your digital gold if bitcoin falls significantly in value?
In addition, a second scenario is possible. Let's say bitcoin will grow very much in price. Investors are happy, but will worry about their assets in bitcoin. And the volatility of bitcoin will manifest itself at its high price values and, quite possibly, even more, because the range of price fluctuations will allow it. If volatility in time coincides with negative news, then the nervous will start selling their bitcoins with the fall of its rate. A panic will begin, which, according to the domino effect, will very quickly lead to its depreciation or a very substantial drop in its rate. What will happen with digital bitcoin gold?