Post
Topic
Board Economics
Re: Future and current Humanity, Bitcoin, Gold and Fiat.
by
BitHodler
on 02/09/2019, 14:49:03 UTC
Gold has proven its worth really but I think that it is already getting too old, and needs to be replaced by a digital asset and this is where bitcoin will function perfectly, as a digital asset
Gold has served people for thousands of years, so there definitely isn't anything 'too old' about it. People will more and more appreciate hard assets such as gold the more digitalized the world becomes.

Gold is pretty much the only smaller physical object that allows people to store a lot of their wealth in it. Gold won't be going anywhere. A lot of Bitcoiners seem to be out to diversify their holdings into gold when their high price target is met.

After all government claims that bitcoin cannot be a currency
It depends on the actual definition of a currency, but putting it against fiat currencies, Bitcoin doesn't stand a single chance today. How will you serve the mass with 5 transactions per second?

It's just going to be a digital store of value and transfer of value. Characteristics of gold, but then more convenient.