Post
Topic
Board Altcoin Discussion
Re: Gold and Crypto
by
mrdeposit
on 13/12/2019, 14:17:11 UTC
In my opinion Bitcoin does not have the option to change in gold. because Bitcoin does not yet have government authority in backing up in the form of gold. Moreover, not all countries recognize Bitcoin as a medium of exchange that replaces virtual currencies. I think it needs further study in the future.
I think government has nothing to do with this. Today I can invest in bitcoin without government regulation. It is about bitcoin itself. Because if you put the money you have earned for years in bitcoin, you could lose money in a few hours. However we cannot blame it in this regard, it takes more years for bitcoin to be less volatile like gold, which took centuries for gold to become present status.