Bitcoin vs. Gold

Gold has been the preferred store of value commodity for centuries. The main reason for this is scarcity, the more scarce something is, the higher its value. Gold is considered a scarce commodity compared to other metals because it’s rarer and more costly to extract than iron or copper, for example. In today’s digital world, Bitcoin is the only scarce digital asset. This is why it is referred to as digital gold. 

With gold, we don’t precisely know how much gold has been mined, and we don’t know how much gold will be mined. With Bitcoin, we have a precise measurement of supply: 21,000,000, which anyone can audit with their home computer.

If we compare the characteristics that make gold a valuable asset, including scarcity, we find that bitcoin shares all these characteristics and actually performs better than gold in all of them.

As we can see, bitcoin is better at being gold than gold! Not just marginally better, but actually performs substantially better in all the key attributes. There are several examples in life of how the digital version of a product is at least 10x better than the analog version. Bitcoin is digital. Gold is analog. 

We believe Bitcoin is already a superior gold than gold and will eventually overtake it as the world’s preferred store of value commodity.