Cryptocurrency Q&A
Is Bitcoin better than gold?
Is Bitcoin better than gold?
ethan_carter_engineer
Tue May 14 2024
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7 answers
1392
I've been hearing a lot about Bitcoin lately, and it seems to be all the rage in the financial world. But I'm still a bit skeptical. After all, gold has been a trusted store of value for centuries. So, I have to ask, is Bitcoin really better than gold? I mean, gold is a physical asset that you can hold in your hand. It's been used as a form of currency and a hedge against inflation for ages. Bitcoin, on the other hand, is just a digital currency that exists only online. How can it possibly be more valuable than gold? I'm just not sure I understand the appeal. Can you explain to me why some people think Bitcoin is superior to gold?
7 answers
ZenBalance
Wed May 15 2024
Additionally, Bitcoin is more portable and divisible than gold. It can be easily transferred electronically, making it a convenient form of payment and storage.
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JejuJoyful
Wed May 15 2024
Furthermore, Bitcoin's decentralized nature makes it immune to manipulation by any central authority or government. This adds to its credibility as a reliable store of value.
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KatanaGlory
Wed May 15 2024
Bitcoin's superiority over gold in terms of value storage is becoming increasingly evident. Despite the price advantage it enjoys, the digital currency's attributes extend beyond mere market performance.
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Nicolo
Wed May 15 2024
BTCC, a leading UK-based cryptocurrency exchange, offers a range of services that cater to the growing demand for Bitcoin. These include spot trading, futures contracts, and secure wallet solutions.
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KpopStarletShineBrightness
Wed May 15 2024
One key aspect that sets Bitcoin apart is its finite supply. Unlike gold, which is mined from the earth, the total number of Bitcoins that will ever exist is predetermined and strictly limited.
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