Latest Video: Bitcoin is Digital Gold

Lets explore some of the main properties that make Bitcoin the new and improved Gold 2.0.

Lets explore some of the main properties that make Bitcoin the new and improved Gold 2.0.

Verifiable

Bitcoin is completely and fully variable. All transactions are recorded publicly on the blockchain, and all Bitcoin transfers are immutable and can be confirmed by anyone.

Gold on the other hand can be faked, and it can also have a metal purity that can be falsified. 

Portable

Bitcoin can be transferred by anyone, anywhere, at any time as long as there is a working internet connection. This portability and quick mobility makes bitcoin one of the most attractive commodities in the entire world, especially compared to gold, which is heavy in nature and comes with a massive cost of transportation

Scarce

There will only be 21 million Bitcoin in existence after the last BTC is mined. The key... is in Bitcoin’s finite supply, which is one of the most genius traits and attractive aspects of Satoshi Nakamoto’s creation.

Gold is a scarce asset yes, but how scarce? There is no way of knowing how much untapped gold reserves are lying beneath the ground waiting to be discovered, and miners can increase gold production at any time.

Divisible 

Bitcoin is highly divisible as 1 BTC can be broken down into 100,000,000 Satoshis or sats, meaning that one surely does not need to own one full bitcoin in order to call yourself a Bitcoin holder, as the value of sats continues to rise with the growth of Bitcoin adoption. 

Although gold can be broken down into coins of many different shapes, sizes and weights, the divisibility score of gold is quite low compared to Bitcoin’s ability to be broken up into sats.

Meanwhile, physical gold can be robbed, stolen or even confiscated by government, while Bitcoin is secured through encryption, decentralization and your own private key, making it completely non-confiscatable, and a safer, more secure and attractive alternative to gold. 


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