Post
Topic
Board Altcoin Discussion
Re: Can Crypto be more valuable than gold?
by
maiden
on 27/08/2020, 10:14:11 UTC
I have thought that one key advantage crypto (bitcoin, litecoin, Dash, monero etc.) has over gold is that its supply level is fixed and transparent, but can this or features make crypto more valuable than gold?

Both are alternative assets, but gold has traditionally been used as a more secure bet than volatile investments like real estate. btc rise in value is encouraging for crypto advocates who have been hoping it could supplant the gold standard of safer investing. if you look at that and compare it to the price of 1btc, a bitcoin has a higher value. However, this is an arbitrary comparison. something doesn't need to be tangible to have value. It is a digital store of value and exists just like gold does, except not physically for you to touch. The forces of supply and demand still take effect to give it value just like with gold.