Take 2 mins to look at this, and it becomes undeniable.
Gold is valuable as an asset because of its scarcity and ownership characteristics. BUT...that's not enough to be a strong medium of exchange.
Bitcoin has all that and more
1) Shared Characteristics:
Bearer Asset
Limited Supply
Decentralized / asset without an issuer
2) Bitcoin specific:
Portability - Because of its digital nature, Bitcoin can be moved around.
Divisibility - Can be split into infinite parts and exchanged independently.
No storage requirement - Gold reintroduces counter-party risk, because it canβt be individually stored at scale, it must be kept with a third party.
Censorship resistant - Bitcoin is immune to attacks.
Auditable & Predictable - The network is open-sourced, can be audited, and has absolute predictability.
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