Post
Topic
Board Bitcoin Discussion
Re: BTC vs GOLD
by
redwine49
on 17/12/2021, 07:27:56 UTC
i think yes, it will impact gold market.

In general, gold has various uses in the real world as a medium of exchange as well as jewelry. Gold is also widely traded and accepted among the rest of the world as a valuable asset, the level of confidence in gold may be much higher than that of bitcoin but the two are different asset. The innovation of bitcoin offers something different from gold, and this has taken bitcoin one step further as a means of payment in the modern era. These two asset are different, but have the same currency properties.
just like as he said. gold has some different use case than bitcoin.
jewelry market already exist for more than thousand years