How Might Bitcoin Shine Brighter Than Gold?

While bitcoin shares some of the characteristics attributed to gold, below are differences that, in our view, potentially make it superior.

1. Divisible: As a physical asset, gold can only be divided into smaller units to a certain extent, making smaller transactions cumbersome and, in some instances, impractical. Bitcoin, on the other hand, is divisible up to eight decimal places (with the smallest unit called Satoshis), making it easier to use for microtransactions.

2. Transparency: All transactions that have ever occurred or will occur are publicly available on the Bitcoin blockchain. This feature makes it difficult to manipulate and impossible to counterfeit Bitcoin, increasing trust in the network. Gold lacks the same level of transparency – when it is traded, the details of the transaction, such as the buyer, seller, and price, are often not publicly available. This lack of transparency may make it more difficult to verify the authenticity of the gold being traded and may lead to an increased risk of fraud and manipulation.

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