Post
Topic
Board Economics
Re: Why BTC is digital gold?
by
The cure
on 02/12/2020, 00:48:28 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.
For me we can consider Bitcoin is a digital gold because of it's ability to be used even though we can't touch it typically that's why we called it digital. But in terms of it's value Bitcoin is one of the most valuable investment today, and because of the pandemic happened to us, more people are starting to adopt Bitcoin see the potential earnings to it.