Blockchain is changing the financial world, and AI is making it even smarter! But do you know how AI is being used in crypto? In this post, I will break down the impact of AI on blockchain technology and why this matters for the future of finance."
Hope you are all enjoying good health with grace of God !
as we know the bitcoin value in 2009 how much cheap it was ?
Bitcoin as digital asset for future
But one more reason for bitcoin being a gold reserve is that its supply is quite limited, its supply is approximately 21 million. As you know, gold has to be mined or it comes out of the ground which shows its rarity. So much of the earth has been purified that gold has come out of it but gold is there in very little quantity. If note currency as a digital asset is taken then it may cause a price fluctuation . My friends, in the case of bitcoin it is like that, its supply is limited or its price is sky high which give it more worth
Unlike traditional financial systems controlled by banks and governments, Bitcoin operates on a decentralized network using blockchain technology.
bitcoin transaction is safely measured by cryptograph algorithms which ensuring its high level security.
The next advantage
Another advantage of bitcoin compared to gold is that gold is heavier and there is no need to transport it (it means that it has to be sent there which is quite costly but bitcoin is stored in any device, we can easily store it in the wallet or there are no fees for sending or ordering it which is a reason for winning over gold.
Despite its many advantages, Bitcoin's volatility remains a challenge. While gold has a relatively stable value, Bitcoin experiences price fluctuations, sometimes in extreme swings. However, as adoption increases and Bitcoin matures as an asset class, many experts believe its volatility will stabilize over time.
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So my friends, I would like to tell you that we are currently working on a blockchain which is of Steem coin which has revealed the future of crypto currency.
I want an answer that bitcoin must be digital gold or not, this question is raised to my community members.
