$BTC
Bitcoin-The superior asset:
1. Limited Supply: Bitcoin has a capped supply of 21 million coins, making it deflationary in nature. In contrast, gold's supply isn't fixed, as new deposits are continually discovered.
2. Portability and Divisibility: Bitcoin is highly divisible, allowing for microtransactions, while transporting large amounts is convenient digitally. Gold, being a physical asset, is bulkier and less divisible, making it less practical for everyday transactions.
3. Accessibility: Bitcoin can be easily accessed and traded globally through digital exchanges, providing financial inclusion to a wider population. Gold often requires physical storage and can be less accessible, especially in regions with limited financial infrastructure.
4. Transparency and Verifiability: Bitcoin transactions are recorded on a transparent and immutable blockchain, ensuring a transparent and auditable history. Gold transactions can be more opaque, and verifying authenticity may require specialized expertise.
5. Programmability: Bitcoin's blockchain enables smart contracts and programmable money features, allowing for a variety of financial applications. Gold lacks such programmability and is primarily a static store of value.
6. Decentralization: Bitcoin operates on a decentralized network, reducing the risk of centralized control or manipulation. Gold, while decentralized in nature, can be influenced by a small number of powerful entities.
7. Global Transferability: Bitcoin can be transferred globally with relative ease, providing a borderless and efficient means of value transfer. Gold transfers can be logistically complex and may involve high transaction costs.
8. Storage Costs: Storing gold securely can incur substantial costs, including insurance and physical security. Bitcoin, being digital, eliminates the need for physical storage and associated expenses.
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Mycheal Saylor: "I don't know what to buy and hodl for 100 years untill I discovered Bitcoin"
_pic: Bicoin magazine and goassnode
