Post
Topic
Board Economics
Re: BITCOIN / GOLD
by
sawree6
on 28/09/2018, 14:48:39 UTC
Bitcoin successfully performs its function as a store of value, that’s one of reasons why it’s oftenly called a digital gold. The methods of mining of both bitcoin and gold are similar in a way. Reduction in the speed of bitcoin mining in the future and its limited quantity is as attractive for investment as scarcity of gold. The price of gold is less volatile, the market is more liquid and regulated. But the growth of bitcoin’s price is very impressive. Bitcoin has been created in 2009 and currently one coin costs as approximately 0.2 lb of gold. In a few years, the price might be equal to 2 lb of gold or ever more. Meanwhile, the gold’s price is very stable.