Post
Topic
Board Economics
Re: Bitcoin and gold price inflation adjusting all-time-high
by
Buttermellow
on 04/12/2020, 22:21:51 UTC
We cannot compare the value of gold and the fiat currency. Fiat currency value will depend on the economy of a certain country not like in the asset for example gold that can be valuable over a period of time due to limited supply of resources and many people wanting to have gold which availability of it could be difficult to get due to its process which is mining and there are only few are allowed to do so. So, asset will tend to be more valuable than fiay currency but if people do not like and will be dumping their gold then that gold will have low or no valu at all same goes to bitcoin. Bitcoin is a new gold.