Quote from: themohit on Today at 03:24:13 PM

Quote from: laredo7mm on December 01, 2020, 04:15:11 PM

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.

Bitcoin could be considered as digital gold somewhere in the future.
Its fluctuations are too dangerous for mid term investments.
You never know whether you're going to make decent profit over 3 months or will have to hold on to it for next 3 years.

Futuristic approach is applicable since Bitcoin is only linked to gold as an asset or as an investment which gives a tendency for its market value to increase over time. But to why it won't be considered as digital version of gold is due to its usage as well to the nature of its value. Not to mention centralization and de centralization. Maybe, further development will quite sort things out whether these two shares the common ground or not, as an investment. But we just cannot blame those people who are already having expectations into such idea of this technology.