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You made great point that physical gold is only true form of gold and things like digital or paper gold are just stand ins that can make it look like there is more gold than there really is problem that even affected gold past. This is different from Bitcoin which is completely digital making it easy to check send and store without needing physical place or third party to hold it for you. While both gold and Bitcoin can have other products that try to control their price Bitcoin nature makes it harder to manipulate in same ways as gold showing
it might be better option than both gold and regular money.Bitcoin is more than 10x (if not 1,000x) better than both gold and dollars (and other fiat currencies)
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You made great point that physical gold is only true form of gold and things like digital or paper gold are just stand ins that can make it look like there is more gold than there really is problem that even affected gold past. This is different from Bitcoin which is completely digital making it easy to check send and store without needing physical place or third party to hold it for you. While both gold and Bitcoin can have other products that try to control their price Bitcoin nature makes it harder to manipulate in same ways as gold showing
it might be better option than both gold and regular money.Bitcoin is more than 10x (if not 1,000x) better than both gold and dollars (and other fiat currencies)
What're we deliberating here? comparing bitcoin to physical gold or the CBN reserved notes going dusty?
So how about if we trace all em historical performances to know which has really done well to be called a gold with other potentials?
The utmost value of gold is the treasure bond for monetary reserve in the long term.
So in a bit sanitization, bitcoin has gained global attention that has also attained the potential of treasure reserve and created it own market capitalization just like that of physical gold. And behind the scenes, bitcoin has acquired more liquidation than gold just in a period of it existence of 16 years while gold has existed for decades even before technological tool used to develop bitcoin was invented.
Undermining their volatilities, bitcoin is Worth $122,000 today while gold is $3,000. So which really hold that attractive bond for reserve if we must talk about a store of value?
If we also have to consider their safeness and users freedom and convenience, bitcoin still takes the lead as gold is regulated and can economically manipulate its values which doesn't give users full custodian of their assets but bitcoin has it all with it digital and decentralization as a safe haven.