Why is bitcoin called digital gold?
For years gold has enjoyed a reputation on international financial markets as the safest and most secure investment. From the point of view of investors, in times of economic crises, uncertainty and turbulence, gold is the safest carrier of value. For this reason, gold is referred to as a "haven". However, the coronavirus pandemic and almost all of 2020 have shown that the "yellow metal" has increasingly strong competition in bitcoin, which is referred to as "digital gold" by experts. In this article, we examine the basis for this comparison. - Bitcoin and gold in terms of investments can have a lot in common. - Like gold, BTC is a deflationary asset that should gain value over the long term when priced at inflationary assets (such as currencies). - Some financial models suggest that the bitcoin market will overtake gold's dominance as the main "haven" over the next few decades. Bitcoin and gold, or the similarities At first glance, gold and