Apple's Co-Founder Says Bitcoin Is Better Than GoldProponents argue that bitcoin is a better store of value than U.S. dollars or even safe-haven commodities like gold.Today marks the launch of Bitcoin Gold, a new cryptocurrency aiming to make it more difficult for large companies to seize mining efforts.A unit of the digital cryptocurrency Bitcoin has exceeded the value of an ounce of gold for the first time.This is crucial to understand because whenever supply is restricted, and demand is high, price goes up.The amount of gold mined in a year is only about 1.5% of the total existing stock of gold, which is why changes in gold production have almost no effect on the gold.Bitcoin Gold is a free open source software project that is built by volunteer developers and supported by a rapidly growing community of Bitcoin enthusiasts that stretches around the globe.
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But, gold has the indisputable track record, having been a cherished store of value for thousands of years across human civilizations.
A Foolish Take: Is Bitcoin the New Gold? -- The Motley FoolGerald Celente - The End Of Gold...Some analysts, once stanch precious metals advocates now turned crypto aficionados, believe in such theories that there is too much.Perhaps the most obvious difference between Gold and bitcoin is this: Gold is physical and bitcoin is digital.
In this guest post by Haven Investor, we settle the debate between bitcoin vs gold.
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How to Buy & Trade Bitcoin Gold (BTG) | AvaTradeThere are powerful arguments for the Bitcoin Bust scenario, in which the cryptocurrency is abandoned.
Bitcoin Gold is a fork, or spin-off, of the original cryptocurrency, bitcoin.One major misconception is the notion that bitcoin will replace gold as a monetary instrument.
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Gold in the Age of Bitcoin | The Market MogulAlthough Bitcoin was established only recently, its use as a method of payment grows by the day.
The co-founder of Apple hopes that Bitcoin will become the single global currency.
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Since the total number of Bitcoins that can be created is finite, it is inherently deflationary, meaning it has a positive expected return, like gold.While gold is rare, Bitcoin is much rare because there is a limited amount of it that can come into existence.