Bitcoin and gold have several similar qualities as a store of wealth. Gold has been used as a store of wealth by civilisation for centuries because it is a tangible asset that is difficult to replicate, and there’s a limited supply of it in the world.
The same can be said for bitcoin. Granted, the cryptocurrency is not a tangible asset, but the number of bitcoins that can ever be produced is limited. What’s more, the technology that underpins it, the blockchain, makes it easy to verify the ownership of bitcoins and is being tested for use in many other industries…
Bitcoin and gold have several similar qualities as a store of wealth. Gold has been used as a store of wealth by civilisation for centuries because it is a tangible asset that is difficult to replicate, and there’s a limited supply of it in the world.
The same can be said for bitcoin. Granted, the cryptocurrency is not a tangible asset, but the number of bitcoins that can ever be produced is limited….
