Due to its success as a store of value Bitcoin is often labeled ‘digital gold.’ This sentiment came to the fore in the latter months of 2017, as Bitcoin entered massive bull run that had the financial world in a bit of spin.
Scalability has been a long-term problem plaguing Bitcoin, but the saving grace from high transaction costs and delays has been its emergence as a store of value. While Bitcoin remains in a volatile state, it is still head-and-shoulder above its altcoin predecessors in terms of value per coin. A plethora of cryptocurrency and mainstream financial analysts have likened Bitcoin to gold for this very reason.
Well-known American broadcaster Max Keiser has been particularly vocal about his predictions for Bitcoin. While he envisions the preeminent cryptocurrency hitting $100,000 highs, Keiser also believes Bitcoin will lead to the revival of physical gold trade, by highlighting speculative trading methods employed by mainstream traders:
“Bitcoin is helping gold by shattering the matrix of Wall Street that is incurring the naked short-selling and financial manipulation that is going on in the futures market of gold.”
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https://cointelegraph.com/news/big-differences-between-gold-and-bitcoin-according-to-world-gold-counci
