Bitcoin has more Value than Gold?

News • 2020/09/22 • by

The continuous comparison of Bitcoin with gold seems inevitable. Tyler Winklevoss, the co-founder of a cryptocurrency exchange, Gemini, believes BTC betters gold at its game. He explained on Monday that the digital asset is better at doing gold things with a distant magnitude of about ten times.

Over the years, bitcoin has experienced a dramatic increase in price, exceeding several price comparisons during its journey. To many, BTC serves as a storage of value rather than a means of transaction. People always compare the crypto asset to gold, a reliable store of value that stood the test of time.

NebraskanGooner stated in an interview that the CEO of LVL noted that he doesn’t understand the continuous comparison of BTC and Gold as he sees both assets as a store of value.

However, Tyler showed a chart in a social media post comparing both assets. Gold only led in one category (Amount of money the acquisition holds) out of the seven categories. It has a market capitalization of $9 trillion compared to BTC with $200 billion.

Source: Cointelegraph

Comments (1)

Guest

visiblemoney

6 years ago

I think this perception will be laid to rest when BTC eventually become actively stable to repose confidence in the minds of the investors. Those who invest in gold actually do to store value as as against motive of cryptocurrency investors who are looking for quick gain!