Post
Topic
Board Economics
Re: Why BTC is digital gold?
by
Distinctin
on 04/12/2020, 07:35:00 UTC
I often hear that they always trying to connect bitcoin and gold, sometimes comparing it. But for me they are different in terms of many ways. Bitcoin is a valuable digital asset in today's generation and the majority is starting to adopt it nowadays, while gold is an asset we literally hold on to and it has been tried and used since the time of our ancestors.
I do agree that bitcoin and gold are totally different. Bitcoin is a digital asset with an increasing value and a good currency made for cashless transactions while gold is only an asset that has a fixed value and never a currency. Gold was introduced by our ancestors and until now, people are still buying it as means of investment. Bitcoin was introduced 10 years ago and with its long years of existence, global adoption for bitcoin is what we're heading to.