Bitcoin News
By James Thorp
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Bitcoin (BTC) For the Unbanked
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Buy Bitcoin and hold and never sell is the key to BTC investment. BTC is finite and nothing physical approximates it. According to some, Bitcoin is gold upgraded.
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Gold gets most of its value because of the utility, not scarcity. Bitcoin doesn't "shine" like a Gold jewelry.
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There are many things that are shinier and more colorful at a fraction of the cost. People wear gold to show they are wealthy, not because it is shiny.
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Theoretical, not literal, we know now that gold has these physical drawbacks that no one considered up till now.
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Someone from Europe stated, for me as a Northern European, Gold has proven its value status on multiple occasions. Bitcoin has yet to prove it can be a store of value at all.
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Sydney Ifergan, the crypto expert tweeted: “Bitcoin (BTC) might not last in its present state for 5000 years; however, it has kick started a principle of monetary transaction…
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Someone who seemed to value the value of everything stated, Bitcoin and gold bugs are on the same side. Buy both. One is proven to work as a monetary collapse hedge.
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Someone who is neither the fan of Gold nor BTC opined, at least gold has a long track record of trust, which is the key to getting people to trade real assets for it.
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A statement reads that, Bitcoin is not an approximation to Gold, in fact Gold is an approximation to Bitcoin.
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There are those who put Bitcoin down by stating, Bitcoin is not so valuable or scarce any longer after many BTC clones and other Altcoins. Gold is unique, BTC is no longer unique.
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Yet another interesting reasoning goes like, 69% of the world is unbanked, meaning a similar number either cannot or refuse access to the 'technological' structure of…
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