Post
Topic
Board Bitcoin Discussion
Re: The Future of Bitcoin as Digital Gold
by
Nrcewker
on 01/09/2024, 17:25:50 UTC
Hi, Bitcoin is increasingly viewed as "digital gold" in 2024.
What challenges could Bitcoin face in becoming a universally accepted store of value? Any thoughts?

It has some similar features, but who said it is considered “digital gold”? The main purpose of bitcoins was to provide anonymity to their users. On the other hand, gold and digital gold are both regulated by the government, and huge taxes are imposed on them. Other than holding the bitcoins as an asset, you can also use them to spend on other goods and use them as a mode of payment. The future is very simple for the coins. As the demand to accumulate the Bitcoins is increasing, the price will grow at a faster pace than its current pace and will soon become an expensive digital asset.