Post
Topic
Board Bitcoin Discussion
Re: Take a look at the future of Bitcoin from the gold standard system
by
RainbowKun
on 28/07/2021, 10:20:42 UTC
Bitcoin has certain characteristics as the world's legal currency, but there are also some problems。

Its advantages are:
Bitcoin is limited. Everyone will know this.
Convenient to carry and transfer (Bitcoin can be transferred to others, gold transaction is more troublesome)
Bitcoin is divisible (can be accurate to eight decimal places, the golden section will consume a little)
Bitcoin cannot be counterfeited and stored for a long time,

But Bitcoin now has some problems that prevent it from becoming the world's legal tender:
Bitcoin is currently volatile and no one knows what will happen to the price in the next second
The government's attitude towards Bitcoin has not yet been fully accepted
Therefore, to make Bitcoin a world currency, we need to continue to work hard. I believe that Bitcoin will become the world currency sooner or later!

Yes, the current price of Bitcoin is fluctuating. This is because it is still in the early stages of Bitcoin's development and the value of Bitcoin is still on the rise. When 10 or 20 years later, the total market value of Bitcoin can anchor the entire human economy, and its overall value will no longer fluctuate widely. Just as the price volatility of gold is relatively small now.