Bitcoin Better Than Gold: Investment Firm Outlines The Reasons

Is Bitcoin better than gold? Well…

The pseudonymous creator of Bitcoin (BTC), Satoshi Nakamoto, has always been featured in the latest cryptocurrency news – and always expressed an ink of mistrust and cynicism towards centralized institutions such as Wall Street and the incumbent government.

This theme was only accented when the first every crypto diehard enthusiast embedded a Financial Times headline which first showed the link between Bitcoin and gold. Over the years, the underlying value proposition of Bitcoin has been misconstrued through ‘get rich quick’ schemes. A lot of people argue that now, the primary use for Bitcoin is not the media of exchange but its speculation intrustment.

On the question if Bitcoin is better than gold, it is easy to see that gold has been an integral part of human society – but its go-to value store has gotten a new rival in the likes of Bitcoin. According to Grayscale Investments which is a subsidiary of the crypto industry conglomerate Digital Currency Group, there is a new report which answers the question – isBitcoin better than gold?

In an extensive report, the company showed all the good reasons behind Bitcoin as a store of value.

Is #bitcoin ($BTC) the new digital #gold? Check out our recent report: Bitcoin & the Rise of Digital Gold #DropGold https://t.co/0FNfz9r7Zq pic.twitter.com/ZyrITTyIml

— Grayscale (@GrayscaleInvest) April 23, 2019

Grayscale also noted that metal remains a viable store of value against inflation but Bitcoin does that too. However, it also noted that gold is affected by “hyperinflation, currency wars, and imprudent monetary policies” as its main flaws – and that the value of gold is only accented when you realize that a government issued currency is at an average of 30 years.

So, is Bitcoin better than gold? According to Grayscale Investments and their report which made news on many best cryptocurrency news sites, the most dominant cryptocurrency is better because of its:

• Low cost storage, transferability, shipping
• Divisibility and micro transactions
• No counterfeiting
• Decentralized nature
• Bitcoin is both borderless and weightless
• Fast value transfers
• Easy to verify
• Limited supply
• No government freezes or confiscations
• Limited controls
• Good for buying products such as coffee

The question ‘is Bitcoin better than gold’ gets a new perspective with this. The potential that Bitcoin holds is certainly massive.