Post
Topic
Board Bitcoin Discussion
Re: Bitcoin has intrinsic value like Gold but better?
by
slaman29
on 06/07/2021, 14:27:08 UTC
Gold played a good role in storing value in an era when technology was not so advanced, but in the current environment, Bitcoin is better than gold in playing a stored value function. Bitcoin's transportation and transaction costs, storage costs, cross-border transportation convenience, delivery time, certification, and expropriation risks are better than gold. In addition to the seemingly obvious competition between Bitcoin and gold, there is also complementarity. Gold that has been deeply integrated into human life is unlikely to go far. Cryptocurrency may just provide people with new choices, but in the long run, Bitcoin The ceiling and potential are higher than gold.

Well it's still a good role today too actually. I was reading some time ago that the whole Syrian war where people were running and fleeing across oceans and storms, they carried small pieces of gold into their clothing and even sewn into their bags and hair. I can't imagine holding a USB stick and getting it all wet and damaged across the ocean:)

Of course, there are other ways but sometimes physical gold is still playing their role for a lot of people.