In 2017, Bitcoin surpassed gold in price, surprising even dedicated gold enthusiasts. Despite initial skepticism, some gold advocates now acknowledge owning Bitcoin. Both assets are finite and mined
with 21 million Bitcoin being the limit. Bitcoin offers better gains, ease of security, and trading compared to gold, raising questions about its superiority as an investment.
Gold, a historic store of value, maintains consistent buying power over time. Its recent price rises reflect fiat currency depreciation.
Bitcoin, with a cap of 21 million coins, aims for stability but faces volatility due to speculative trading. While gaining acceptance, it's not yet a cash rival.
Bitcoin's price, traded in USD, faces volatility due to the imaginary nature of both. The market size, much smaller than Gold, is susceptible to major shifts.
Market sentiment shifts with events, tweets, and legislation, posing risks and potential losses for investors. Despite volatility and alleged manipulation, the digital future persists.
Current banking processes are costly and time-consuming, with little change over decades. Banks profit from holding funds longer and keeping interest.
As demand for instant transactions grows, a shift to blockchain within 2-5 years is expected. However, banks will likely seek to maintain control in this transition.