Post
Topic
Board Economics
Re: Why BTC is digital gold?
by
Chrystora123
on 03/12/2020, 17:58:33 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, Bitcoin is not digital gold because digital gold (crypto) is https://coinmarketcap.com/currencies/pax-gold/ & https://coinmarketcap.com/currencies/digital-gold/.  Bitcoin itself is very unique because it has a limited number (only 21 million in total) while gold has an unlimited amount and has other advantages..