In my opinion, it's not wrong to call bitcoin digital gold. I understand that they're not the same thing but they have similarities. The similarities of bitcoin and gold are more than the similar of bitcoin and every other asset.
The fact that they call it digital gold doesn't mean it's gold in a digital form. Sometimes people make statements like "oil is the new gold", this doesn't mean oil and gold have the same features but it's just a saying to express how oil is these days.
Bitcoin and gold have a lot of differences, but they also have similarities.
Gold having an unlimited supply and being centralised are the major differences of both assets but that doesn't make the saying that bitcoin is digital gold a bad thing in the sense that gold used to be the asset to hold as a wedge against inflation and for a very long time, but bitcoin has taken over that position. This is just the way I see it.
If the narrative is that bitcoin is just golf in digital form then it's wrong otherwise, I don't see a big deal.

Bitcoin is also an asset, so it shared the same qualities as other assets, hence it is why people can compare but if Bitcoin has its own uniqueness, that will be because it is also a currency at the same time and then it is decentralized. I think Satoshi Nakamoto also took a lot of time to plan and create Bitcoin but that also makes it great. Reference is important, so even up to now, it is still needed for some occasions.

If we are confident, we can also go alone without it. Maybe Satoshi also get an inspiration with gold because gold is much earlier than it? If he does, then there is truly an imitation but it is only slight and it is not a big deal at all.

Well, that can be okay.

We tend to compare Bitcoin to any other popular asset even in the past but there's no problem telling that it's the digital gold.

I've heard and been telling that for the past several years and there's no argument because that's what we feel and think it is. So, there's no problem if someone don't want to call it as a digital gold and on the other hand, someone wants to call it as a digital gold or whatsoever.

That's very incorrect, there is digital Gold and that is not even what we should be contending right now. For doubts, read;

1. https://www.cbsnews.com/news/physical-gold-vs-digital-gold-what-to-know/
2. https://www.investopedia.com/terms/d/digital-gold-currency-dgc.asp

If you are still in doubt, ask AI, and if you are still in doubt again, search for the companies that let their customers deal with digital Gold. Perhabs you should try many online brokers that let you store, trade and transfer your fiat into digital Gold and convert it again as you wish.

When there's already a digital Gold? No one can constructively argue it other than an imitation.

Gold is a valuable precious metals which some persons are even wishing to buy and have it, so, the ideology that gold is highly valuable and adoptable by many people in the world is the same reason why people happens to see Bitcoin as a digital gold, because it (Bitcoin) holds a great value. In my opinion, It's nothing but just a mare comparison which doesn't really hold any serious meaning other than, "bitcoin is very precious and valuable as the physical gold. " It's not as if they are literally calling it gold.

Gold for traditional people is the most valuable asset. Every hard work through the efforts made, the results will be used as savings in the form of gold. Gold is a hedge and has not changed until now even though in the modern era there is an asset with the best hedge, namely Bitcoin.

I think calling Bitcoin Digital Gold is also not an exaggeration if the intent and purpose of the mention do not deviate from the positive meaning of Bitcoin.

I don't see anything wrong with that, gold has always been associated with reliability and stability, every state evaluates the strength of its currency by the amount of gold in its vaults, so what's the problem with Bitcoin becoming a new type of this reliability? You don't think that this comparison implies any direct comparisons, it's just a metaphorical appeal, but at the same time it helps to understand how highly Bitcoin is valued now, that it is equated to the most valuable asset.

I agree, people liken or call bitcoin as digital gold. That shows people appreciate Bitcoin's potential, and that is something to celebrate, not complain about or be annoyed about. Look at it this way, a 15 year old asset being weighed and valued on par with a thousand year old asset is something to be proud of.

Honestly, if we judge fairly and objectively, gold is still a more stable and reliable asset than bitcoin. If we do a survey, I am sure that Bitcoin is not the top choice, people will still trust and choose gold more.


We are bitcoin investors and with the bullish signals going on in the market, we have the right to dream of bigger things but it is still too early to say that bitcoin will outperform gold in the future. I am still wondering what will happen to bitcoin if our economy goes into recession or collapses, will there still be a demand for it? That is still a question but for sure gold will always be the first choice of everyone.

Maybe you are right.
But it's still a term that would follow BTC for the times to come. After all - nothing else would be comparable in terms of stability with it.
It's like a sticker of sorts.