Post
Topic
Board Economics
Re: Why BTC is digital gold?
by
Noctis Connor
on 03/12/2020, 12:29:10 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.
You can't compare digital to gold because we knew that bitcoin is bitcoin , and gold is gold and both them are both good asset but limited asset that can be use if one country are down in economy, to help it rise again, Aside from that you can go anywhere with bitcoin without any hassle unlike gold if someone knew you had gold in you maybe they will try to rob you, Both are really good when it come to asset which can be use in difficult times, and gold is really rare where only billionaire had this unlike bitcoin everyone can have it.