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Author Topic: Bitcoin is now worth more than a kilo of pure gold!  (Read 141 times)
Stalker22 (OP)
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February 21, 2021, 06:09:36 PM
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As Bitcoin price topped $57,500, it became more valuable than a 1000 gram block of gold.

At the time of writing, gold is currently trading at $ 1,784.28 per oz, according to GoldPrice.org, so a 1000 g bar would cost you about $ 57,365.93.
Bitcoin's price, according to Tradingview.com at the same time, is a little over $ 57,500.00

The reasons are simple: Bitcoin's limited supply is hard for governments, central banks and private corporations to control, which allows the network to grow and drive its value upwards. Gold, by comparison, is as big a store of value, but not so liquid.

Many like to call bitcoin as "digital gold", I like to call it ... bitcoinCheesy

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The Cryptovator
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February 21, 2021, 06:21:19 PM
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Many people just try to compare Bitcoin with gold and called bitcoin digital gold. But I never try to do so. Because Bitcoin and gold are totally different. One is an asset and one is a currency. Doesn't matter the currency backed by the community but it's already adopting worldwide. Bitcoin value and price increasing nonstop, but as an asset gold still stable and it should be always. If you say gold price also increasing then just compare other assets, aren't all assets increasing day by day? Today good to see we can even buy 1-kilo gold for 1 bitcoin, but we don't know what will happen after a few days. It would increase or decrease, but gold will remain as same almost. So do not judge bitcoin with the gold price.

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BIT-BENDER
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February 21, 2021, 06:28:52 PM
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The reasons are simple: Bitcoin's limited supply is hard for governments, central banks and private corporations to control, which allows the network to grow and drive its value upwards. Gold, by comparison, is as big a store of value, but not so liquid.
If this is or where to be the absolute reason then every alt-coin or anything crypto-currency would be doing or close to what Bitcoin is doing, what am saying is decentralization is not the only reason for Bitcoin impeccable greatness, it's is a factor/reason though.
I think the acceptance of Bitcoin by Bitcoiners even in places where Bitcoin is Banned is the Central nervous system for it's running.
Red Pie
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February 21, 2021, 06:38:13 PM
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it shows that it is more than the term digital gold in terms of price. bitcoin is bitcoin. is not digital gold. Its use as an inflation protection tool is one of the points that attracts big investors. the other point is the limited supply in my opinion. There will be only 21 million and thousands of bitcoins still missing from the first time mined bitcoins. It would be wise to expect bitcoin to be worth more.  Cheesy
OscarDavidson
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February 21, 2021, 07:00:48 PM
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I think Bitcoin is more valuable than gold. What is gold? It's just an asset you can use to secure your funds, sometimes it's a nice jewelry material but nothing more. The gold is less susceptible to inflation than fiat money. But Bitcoin is the next level. It's a cryptocurrency and it's independent.
Twentyonepaylots
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February 21, 2021, 07:16:21 PM
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Of course besides that we all know bitcoin is reigning supreme over gold over the fact that cryptocurrency is almost like an untapped resource here. Unlike gold which is nonrenewable and is damaging the environment as well. Add it to the fact that a millions are greatly in fsvor of bitcoin nowadays compared to fiat and gold, and we have bitcoin being more valuable than a kilogram of gold.
I think Bitcoin is more valuable than gold. What is gold? It's just an asset you can use to secure your funds, sometimes it's a nice jewelry material but nothing more. The gold is less susceptible to inflation than fiat money. But Bitcoin is the next level. It's a cryptocurrency and it's independent.
Bitcoin is badically gold, without the downsides of owning gold. Which is why it greatly appeals to the peopls despite constant volatility and controversy surrounding it.
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