MultiversX Tracker is Live!

Reasons why Bitcoin has closer to Gold than to Money

Bitcoin Reddit

More / Bitcoin Reddit 78 Views

For a long time, I've perceived Bitcoin as an alternative to fiat money and had doubts about that due to its deflation mechanism. Deflation is not good for the economy - if you don't spend money today, as tomorrow the product will be cheaper, consumption and manufacturing will stop.

But once I started to perceive Bitcoin as a 'gold', it started suddenly to make sense as it has all its most important advantages: it is limited (21m), it is durable (not 'spoils' with time), it is a liquid asset (can be easily swapped for any currency / another asset).

Will be happy to hear your arguments for or against this

submitted by /u/Electrical-Problem56
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments