The bitcoin vs gold debate has raged on in investment circles since bitcoin has entered mainstream discussion among increasingly interested investors. Gold has been used as a form of currency and trade for thousands of years, and certainly has a track record for reliability and preservation of wealth. However, as the newcomer onto the scene, bitcoin may be the kind of financial and technological breakthrough to to challenge gold as the monetary kingpin.
Early on in its life cycle, seasoned investors began questioning the legitimacy of bitcoin value and debating how such a commodity could hold intrinsic value. What differentiates bitcoin from a mere collectible and what makes it similar to precious metal assets such as gold or silver? Among many circles, especially gold bugs and older-generation investors, bitcoin was not considered a valid investment up until very recently.
this is kind of an old news.
the debate on whether bitcoin is even a not-ponzi investment is for 2009. it has been a very long time since bitcoin has gained a good position among all other commodities and has became a very good investment that from time to time it is even more stable than gold or any other thing.
Which factors of bitcoin instill this validity of investment?
there are a lot but i think the most important factors are the decentralized feature of bitcoin with addition of best security and also on top of that the fact that it is money meaning you can actually use it as a currency too makes it a very good investment that you can actually use.
