3 Reasons Why Bitcoin Is Better Than Gold

Sure Gold is here forever and is much older than bitcoin, it also has amazing store value for hundreds of years. Bitcoin, on the other hand, is the much newer, younger option for storing value and it’s also one of the best technologies in the modern era. This is why some people believe that Bitcoin is better than gold and will eventually replace it in the long run.
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Whether you agree or disagree, we are here to discuss the ways Bitcoin is better than good old fashion gold. Here they are.

1. Store Value

As we said, gold is the most common and best-known option for a store of value. It has a stable dollar price and you can see that from the charts throughout history that despite the inflation, 1 ounce of gold would cost you the same as it would have cost you 10-15 years ago. Bitcoin, on the other hand, it allows you to buy more goods every day and its dollar value grows constantly so it is easier for some people to get rich.

2. Verification

When buying gold you must head out to a trustworthy bank. For each gold bar or a golden coin you buy, you get a certificate as a confirmation that you are the owner. When trying to sell it, however, you need to authenticate the gold despite having the certificate which will also cost some money. As for Bitcoin, you verify your purchase or your transactions via a bitcoin node. This way counterfeiting bitcoins is brought to a bare minimum.

3. Gold Is Harder To Use In Daily Interactions

It’s basically impossible for people to go out and make everyday payments with gold. You can do it with a golden coin but in a very limited list of places. Bitcoin is highly divisible. You can buy as much as you can afford and you can spend it just the same way, daily and also faster.