How Bitcoin Replace Gold as a Universal Asset
In the formative years of Bitcoin, crypto enthusiasts had the vision of a digital monetary system that would replace fiat money. Just over a decade, the world’s pioneer cryptocurrency has posted mixed results. Even though Bitcoin is now a household name globally, it will likely not replace regular money just yet. Instead, Bitcoin has taken a new dimension as a speculative investment asset rather than just facilitating digital payments. As Bitcoin mining has a cap of 21 million bitcoins; this will make the mining more difficult. These factors means that as an investment asset it is more tenable. We all know that gold is the most common store of value asset. As it has an intrinsic value and has an insulation from the stock market shocks many investors try to keep Gold for the diversification. Despite the devastating results in the bear market of 2018, Bitcoin held a good resilience . Its better to analyze the Gold vs Bitcoin to learn how they mirror each other. Bitcoin Asset- Sto...