Quote from: bounceback on August 14, 2021, 08:54:56 AM

Quote from: RainbowKun on July 22, 2021, 03:48:20 PM

According to statistics, the total market value of global gold currently exceeds 8 trillion U.S. dollars. If the market value of Bitcoin exceeds 8 trillion U.S. dollars, the value of a single Bitcoin will exceed 400,000 U.S. dollars. This is just a judgment on Bitcoin's value as a "digital gold".

Why do many people call Bitcoin "digital gold"?

I'm sure some people refer to bitcoin as digital gold, because they don't analyze it as far as you do, they only look at the basic physical aspects of bitcoin like limited supply and to own it we also have to do mining, if we look at it from this physical only, it's not wrong if they analogize bitcoin as gold in digital form, and some people also claim that bitcoin is better than gold.

Yes, in my opinion, Bitcoin not only has similar characteristics to gold, but also has many advantages that gold does not. This is why I think that Bitcoin will replace gold and become the real world currency.
In the future world currency system, we will build around Bitcoin. The most important role that Bitcoin will play in the future is not to pay, but to store value. Humans store wealth and value in Bitcoin.