Quote from: coingecko on January 19, 2021, 09:01:59 AM

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Chart from https://www.coingecko.com/en/coins/bitcoin/xau

Bitcoin is going to challenge Gold as the digital store of wealth

In the 2013 run up, 1 BTC = 0.67 oz of Gold

During the 2017 bull run, 1 BTC = 15 oz of Gold

1 BTC = 20 oz of Gold today

Impressive, isn't it? Bitcoin is performing better than Gold, yet most people don't realize this. Serious investors and bankers still believe Gold to be better than Bitcoin because of its high level of trust/confidence in the mainstream world. Despite what anyone thinks about Bitcoin, the decentralized and censorship-resistant nature of the pioneer cryptocurrency has lead it to where it is right now. When knew that Bitcoin would become worth more than an ounce of Gold nearly 12 years since its inception?

Believe me, Bitcoin will be worth more than 20 oz of Gold in the future as the block reward cuts in half every 4 years. The pioneer cryptocurrency will become scarcer than ever, surpassing Gold in every way. After all, no one knows the true supply of Gold in the mainstream world. Ultimately, Bitcoin will co-exist with Gold as the best alternative to traditional Fiat. Just my thoughts Grin