- Why is Bitcoin called digital gold?
The reason why Bitcoin is called digital gold is that people are very curious about Bitcoin nowadays. Just like gold, even though its price fluctuates, it has a stability, gold has maintained its stability for a long time. Bitcoin is also a means of maintaining value for many people nowadays. If you look closely, you can understand that the most interesting thing is that its number is limited, just like the gold reserves in the world are limited. That is why many people call it digital gold.
No, Bitcoin was called digital gold because it changed the narrative of money, asset, and investment through its decentralization, mining, and limited supply (it's consensus at large). This opens the doors to precious opportunities for everyone regardless of race, educational background, and more.
We all gold is mine because it can be find, the same thing applies to BTC, new BTC is generated through mining which is executed by miners while they also secure the network they are also generating new BTC.
About the price. Yes, BTC price fluctuates due to its volatility in nature, but it's the only crypto with the potential of not going to zero, and that's why BTC is prioritized on this forum.