Step-by-Step Comprehensive Guide to Discover Why Bitcoin Worth More Than Gold

Bitcoin, Blockchain And Cryptocurrency Technologies For Beginners: A Step-By-Step Comrehensive Guide To Discover Why Bitcoin Worth More Than Gold

by Carlo Barzini

5 out of 5

Language	:	English
File size	:	1664 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	181 pages
Lending	:	Enabled

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Bitcoin and gold are two of the most popular investment assets, but which is a better investment? Here's a step-by-step comprehensive guide to discover why Bitcoin worth more than gold.

1. Scarcity

One of the most important factors that determines the value of an asset is its scarcity. Gold is a relatively scarce asset, with only a limited amount of it in the world. Bitcoin, on the other hand, is even more scarce, with a total supply of only 21 million coins.

The scarcity of Bitcoin is one of the main reasons why it is worth more than gold. As the demand for Bitcoin continues to grow, the supply will remain the same, which will put upward pressure on the price.

2. Divisibility

Another important factor that determines the value of an asset is its divisibility. Gold is a relatively divisible asset, meaning that it can be easily divided into smaller units. Bitcoin, on the other hand, is even more divisible, with each Bitcoin being divisible into 100 million units called satoshis.

The divisibility of Bitcoin makes it a more convenient asset to use for everyday transactions. It also makes it easier for investors to buy and sell Bitcoin in smaller amounts.

3. Portability

Gold is a relatively portable asset, but it can be difficult to transport large amounts of it. Bitcoin, on the other hand, is extremely portable, with each Bitcoin being worth thousands of dollars.

The portability of Bitcoin makes it a more convenient asset to store and transport. It also makes it easier for investors to trade Bitcoin on a global scale.

4. Durability

Gold is a very durable asset, but it can be damaged or destroyed. Bitcoin, on the other hand, is a digital asset, which makes it extremely durable.

The durability of Bitcoin makes it a more reliable asset to store and invest in. It also makes it less likely that Bitcoin will be lost or stolen.

5. Liquidity

Gold is a relatively liquid asset, but it can be difficult to sell large amounts of it quickly. Bitcoin, on the other hand, is a highly liquid asset, with a large number of buyers and sellers.

The liquidity of Bitcoin makes it a more convenient asset to buy and sell. It also makes it easier for investors to cash out their Bitcoin investments.

6. Volatility

Gold is a relatively stable asset, but it can experience periods of volatility. Bitcoin, on the other hand, is a more volatile asset, with its price fluctuating significantly on a daily basis.

The volatility of Bitcoin can be a risk for investors, but it can also be an opportunity for profit. Investors who are able to stomach the volatility of Bitcoin can potentially make significant profits.

Bitcoin and gold are both valuable assets, but Bitcoin has several advantages over gold. These advantages include scarcity, divisibility, portability, durability, liquidity, and volatility. As a result of these advantages, Bitcoin is worth more than gold.

If you are considering investing in Bitcoin, it is important to do your research and understand the risks involved. Bitcoin is a volatile asset, and its price can fluctuate significantly. However, if you are willing to stomach the volatility, Bitcoin can be a rewarding investment.

Bitcoin, Blockchain And Cryptocurrency Technologies For Beginners: A Step-By-Step Comrehensive Guide To Discover Why Bitcoin Worth More Than Gold

by Carlo Barzini

5 out of 5

Language	:	English
File size	:	1664 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	181 pages
Lending	:	Enabled

FREE