2022-02-14 15:31:16
Bitcoin today is used primarily as a store of value. This is why people often refer to it as ‘digital gold’.
Gold has unique physical-chemical characteristics and functionality that make it desirable to people across the world. It is also a scarce asset with a limited supply, which further drives the price up. These two factors combine to make it a good store of value.
Bitcoin may not share the physical characteristics of gold, but it does have certain digital properties and functionality that are equally in demand. Furthermore, like gold, Bitcoin also has a limited supply.
In fact, it is arguably an even better store of value than gold. It is easier to store securely, it can be moved around the world within minutes, it won’t degrade over time, and it can’t be counterfeited.
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@palojonathan
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