Guys, hold up, if we were in Economic Depression while most of the government try to implement CBDC, Bitcoin will entirely become the next digital gold as officially right?
You could think of Bitcoin as digital gold now for whatever reason, but basically it's not considered that because Bitcoin is very different from any gold. Even though most governments want to implement CBDC, it does not mean that Bitcoin can immediately turn into digital gold immediately because the basic concept of Bitcoin will remain as usual, although it is not wrong if many people want to think of Bitcoin as digital gold.Quote
I mean previously most people thought Bitcoin as Digital Gold in an unofficial terms, probably in the media, social media and institution and all. Hence, this created another argument, does Bitcoin is a currency or as a hedge against inflation?
Bitcoin can indeed be said to be a currency, that is a currency in the crypto space however, that does not mean we can think of Bitcoin as a hedge against inflation as long as its price declines and increases still occur by large amounts in a short time. But apart from all that, you can think of Bitcoin as a good asset for you to save and invest at any time or every moment.