Post
Topic
Board Bitcoin Discussion
Re: Has Bitcoin already won ?
by
teosanru
on 29/09/2019, 10:32:33 UTC
https://youtu.be/UF528l8fqKk

Bitcoin is pretty much already considered Gold 2.0. Is that enough ? Does it still need to become a currency from here on ? Or is it the new "Gold Standard" that other currencies will be measured by ?
Has it isn't enough. Bitcoin was never designed to become Gold 2.0 or any commodity. Gold is a jewel which is popular because of its scarcity. It was used for a medium of exchange in our history for a short period of time however, it was never designed to be used as medium of exchange. While Bitcoin on the other side  was used for transaction and act as a medium of exchange. It was never developed to create scarcity and increase it's price. So no countries will never make bitcoin as a standard like Gold Standard and nor will people use Bitcoin as Gold 2.0 Investment.