I keep hearing people call Bitcoin “digital gold.”
But gold has been around for thousands of years, and Bitcoin is only ~16 years old.
Do you think Bitcoin can really replace gold as a store of value — or should they just complement each other?
I’m curious what older members here think!
Gold has been around for many years and that's why bitcoin is referred to digital gold, once is offline and the other is online, how hard can this be for you to understand?
Bitcoin was never trying to replace anything, its here to be a companion and co exist with everything, fiat, gold and others, it can be used as money or store of value, this is all there is to know.
Now it ends with choices, as a human what do you feel it stands well with you about your Bitcoin? The freedom to make use of your Bitcoin the way you want is present.
People need to know for the umpteenth time that Bitcoin is not in competition with any asset class. Bitcoin stands alone and is not intended to replace or complement any other asset class. People have tried to compare Bitcoin to fiat, gold, and even science, but those are all wrong assumptions.
Bitcoin is a good asset to invest in; gold is also good. People's choices are different, and their preferences are determined by several factors like risk tolerance and level of exposure or enlightenment about tech. Anyone who feels gold is better is not wrong base on his own perspective. Same also applies to us who believe Bitcoin is better.