Post
Topic
Board Economics
Re: Why BTC is digital gold?
by
arwin100
on 01/12/2020, 23:49:12 UTC
How we can determine BTC is digital gold?BTC Thats can be determined by their attribute. Gold is valuable because it's rare and has a limited supply. This term is true for Bitcoin as well. Both can be exchangeable with essential goods and they are acceptable in our society. Gold and BTC both can be stored though they have different methods to do that. But if you compare these criteria then we can say Bitcoin is digital gold.

Because it determine as valuable digital asset which the same with gold that's why many people named it as digital gold especially these days where bitcoin gather attention and hype.

Labelling it as digital gold is for me not so important thing since we know bitcoin and gold have different use and the profitability between these two is different but many compare the two in terms of profitability and there's a lot of discussion or debates towards these so expect you cannot get the correct answer since all post here will be based on their personal opinion.