Post
Topic
Board Economics
Re: Why BTC is digital gold?
by
Mauser
on 02/12/2020, 08:34:37 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.

The thing about Bitcoin is that everybody knows about it. If you speak to someone who has no clue about crypto currencies, he will at least have heard about Bitcoins before. It all depends on the market awareness in my opinion. The more people heard about it, the higher the value of a coin.