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    Author Topic: Has BTC really become more attractive than gold?  (Read 2171 times)
    Vincom (OP)
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    March 31, 2024, 12:33:46 AM
     #101

    If we look back at a time when Bitcoin wasn't a thing, you get to realise that access to gold wasn't easy and still isn't because you need to have some paperwork done if it goes above certain quantities which meant this was a problem for most people, but with the coming of our beloved digital gold .. owning Bitcoin is a flew clicks away and anyone can get their hands on some if not using some adult(18+) only platform(exchanges, gambling platforms etc).

    Yes it has, because it's readily available to everyone around the world and you don't need to have a gold mine for it to be available or in this case a Bitcoin mine.

    And other reason it's an attractive asset, it's because pricing is uniform regardless of were one comes from...unless you using a third party that will charge extra for their middle man fees... otherwise BTC is by far better than gold in terms of ROI, security needed, and ease of access.
    In my country, buying gold bars can be easily done at precious metal stores, but storing gold bars can come with many risks, such as storage conditions and safety for the holder. The young do not feel comfortable with this and BTC is a more suitable option for them, as all they need to do is buy BTC through internet with a small amount of money easily and then store the private key carefully.

    Although gold is more stable than BTC for the purpose of asset storage, BTC is completely superior to gold in terms of long-term investment.

    “The root problem with conventional currency is all the trust that's required to make it work.”
    Satoshi Nakamoto
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