Within the crypto community, BTC has earned the nickname "Digital Gold" due to the expectation that it can rival gold in terms of market capitalization, value, economic influence, and widespread acceptance
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Actually, I myself still don't agree with Bitcoin being said to be "Digital Gold" because it is very different.
gold itself also has their digital gold by buying it virtually through their own market.
bitcoin will remain bitcoin and will never be or resemble anything else. because bitcoin is more about blockchain technology which can actually outperform other assets such as gold.
Likewise market capitalization. Even though currently BTC has been approved for ETF, this does not necessarily mean that Bitcoin is another asset and can even be controlled by a company or person because there is a difference between decentralization and centralization.
but if your question is about this:
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I would like to know your views on BTC and gold:
- Are you investing in BTC or gold?
- Do you think BTC has become more attractive than gold in the investment sector?
- Have people like Peter Schiff accumulated a lot of BTC while still badmouthing BTC in the media?
It depends on each person's view. I myself believe that bitcoin is superior to gold and definitely prefer investing in bitcoin compared to gold.
Let's see now that Bitcoin's market capitalization is in 9th position globally.[1] When compared with gold, it is still very far considering that gold has been around since 1975, while Bitcoin started in 2010, but now it can occupy that position and even beat the market capitalization of other large companies.
[1] Top Assets by Market Cap