Replacing gold is just the first step; the ultimate goal of Bitcoin is to replace all fiat currencies globally and unify the world's currency!
At that time, we will pay with Bitcoin by scanning QR codes on our phones. Whether you use Binance, WeChat, Alipay, Cloud Flash Payment, or various bank apps, the payment and transfer will be in Bitcoin.
Governments can also issue paper money pegged to Bitcoin for everyday payments, which you can exchange 1:1 for Bitcoin at the bank at any time.
Of course, you can also decentralize and self-custody your Bitcoin, such as with a cold wallet, only transferring small amounts to centralized institutions like WeChat for consumption.
Therefore, Bitcoin is not just digital gold; it is also digital currency, ending the current financial system's tripartite division of power among gold, the US dollar, and the Chinese yuan. It unifies global finance, consolidates value reserves and everyday consumption, with the ultimate goal of becoming the universal currency of the universe!
After Musk immigrates to Mars, he establishes Bitcoin mining farms on Mars, trading with Bitcoin and Earth, making Bitcoin an interstellar currency and taking another step toward becoming a universal currency!
Microsoft