We who are inserted in the crypto world have always had this thought but at this moment we have already started to hear fund managers say that Bitcoin can be better than Gold.
But what are the reasons that lead to this type of thinking?
For many years, human beings have used natural resources to define their wealth, such as precious metals, earth, oil, gold, silver, etc. To this day, gold is classified as one of the most scarce metals on Earth.
However, access to it is difficult and it is still necessary to invest resources to be able to mine and extract it.
The price of Gold ends up being quoted based on the difficulty of extraction and its location.
Petroleum is also classified as a rare and valuable commodity, but like gold, its extraction is difficult and expensive.
More recently, it began to be studied whether other planets or asteroids may have gold and that, in reality, the maximum amount of this existing asset is unknown.
If it is confirmed that there are tons of gold to be extracted from these pallets or naturally occurring ateroids, the price of gold should fall, as the scarcity of it was never able to be determined.
In the case of Bitcoin, which was the result of creativity and ingenuity, it has a fixed limit of 21 million units making it the only asset with a real scarcity limit.
Gold, despite being a very healthy metal over time, can start to lose properties.
Since it is a physical asset, it is subject to deterioration due to natural or artificial effects.
Bitcoin as it is not a physical asset does not run these riches from deterioration.
Your coins, although not physical, can never be destroyed and you can access them anywhere in the world.
The gold to be "easy" to transport is necessary to cut into small pieces or even powder. But it always ends up having a physical weight to carry and nobody walks with large amounts of gold on the street.
For its part, Bitcoin can be sent over the internet and loaded onto the hardware wallet or mobile wallet.
As mentioned above, gold can be divided into small pieces or even powder. However, its smallest fraction is grass.
Bitcoin has a unique property that lets it be divisible to 8 decimal places (0.00000001) and these houses are called satoshis.
A major problem with gold is its safe storage.
In case of large quantities it is necessary to place it in a safe or other solution to keep it away from the hands of others.
Currently, banking systems use complex systems for this which ends up consuming a lot of resources.
In the Bitcoin case, its value is kept solely and exclusively on the network.
Bitcoin owners only need a cryptocurrency wallet and keeping their seed out of the hands of others making it easier to store paper or other material used than gold bars.
In gold, several situations have already been disclosed in which it has been falsified, including in companies listed on the stock exchange.
In Bitcoin this is not possible, because you cannot create fake coins.
Gold has been used for millennia, by humanity, with a sign of wealth and power.
Its properties make it the favorite metal to be used as a valuable resource.
Its market cap currently stands at approximately 10 billion dollars.
Bitcoin has only been around for a little over 10 years and during this time it managed to appreciate a lot and today it has an amrket cap of around 350 million dollars.
In conclusion, these are the characteristics that characterize gold rm something so desired but we can see that comparing with Bitcoin only wins in the question of market cap.
Given that yes, Bitcoin is better than Gold.
