Post
Topic
Board Economics
Re: Gold exist 1000+ years. while bitcoins exist 10 years.
by
arkawa040
on 08/02/2019, 17:56:40 UTC
Gold exist for over a 1000+ years maybe? Bitcoin only 10 years. Also the internet existed about 25+ years. Bitcoin price is higher than gold by over 200%. I think the value of Bitcoin is going to sky rocket once again. When technology gets more advance n the Bitcoin system upgrades. Just another speculation.
First, gold has existed since the explosion of the supernova star, the time of which no expert can assume, secondly, the price of bitcoin is not tied to gold, like most of the world's currencies, the price of bitcoin depends on the dollar, and the price of the dollar depends on natural resources, here it is a logical chain. The more you buy bitcoins, the more it is backed by dollars.