Bitcoin has intrinsic value like Gold but better?

[Barry Mantle]

Gold played a good role in storing value in an era when technology was not so advanced, but in the current environment, Bitcoin is better than gold in playing a stored value function. Bitcoin's transportation and transaction costs, storage costs, cross-border transportation convenience, delivery time, certification, and expropriation risks are better than gold. In addition to the seemingly obvious competition between Bitcoin and gold, there is also complementarity. Gold that has been deeply integrated into human life is unlikely to go far. Cryptocurrency may just provide people with new choices, but in the long run, Bitcoin The ceiling and potential are higher than gold.

[Liamttw]

The total amount of Bitcoin is fixed and is as scarce as gold. Bitcoin is an encrypted digital currency. Some regions or countries use Bitcoin as a method of trading and storage, which can be exchanged for things like gold, but Bitcoin can be operated online, which is more convenient and safe. Bitcoin also has features such as decentralization, forming a strong consensus on Bitcoin.

[slaman29]

Gold played a good role in storing value in an era when technology was not so advanced, but in the current environment, Bitcoin is better than gold in playing a stored value function. Bitcoin's transportation and transaction costs, storage costs, cross-border transportation convenience, delivery time, certification, and expropriation risks are better than gold. In addition to the seemingly obvious competition between Bitcoin and gold, there is also complementarity. Gold that has been deeply integrated into human life is unlikely to go far. Cryptocurrency may just provide people with new choices, but in the long run, Bitcoin The ceiling and potential are higher than gold.

Well it's still a good role today too actually. I was reading some time ago that the whole Syrian war where people were running and fleeing across oceans and storms, they carried small pieces of gold into their clothing and even sewn into their bags and hair. I can't imagine holding a USB stick and getting it all wet and damaged across the ocean:)

Of course, there are other ways but sometimes physical gold is still playing their role for a lot of people.

[perfect999]

The total amount of Bitcoin is fixed and is as scarce as gold. Bitcoin is an encrypted digital currency. Some regions or countries use Bitcoin as a method of trading and storage, which can be exchanged for things like gold, but Bitcoin can be operated online, which is more convenient and safe. Bitcoin also has features such as decentralization, forming a strong consensus on Bitcoin.

Gold is valuable because it's scarce like you said often times people consider gold to be a safer investment than bitcoin because while gold has worldwide value and is recognized as an asset all over the world but bitcoin is still a relatively new asset in comparison to gold hence the faith in crypto investments is not that much and moreover the legality issues are always there.

The only reason I believe bitcoin is more worthy of an investment as compared to gold is that bitcoin is much more scarce because the total supply is fixed and hence the value will be much higher than gold because gold is an element found in nature, doesn't has a fixed amount of reserve and I read somewhere Musk has found some gold in space, right? These things make bitcoin more valuable than gold.

[Saint-loup]

all store of value things really are nothing more than a symbol proving that a bunch of limited resources (time and energy ) went into something. THAT IS what makes it valuable....humans like rare baubles ...rather that be seashells, gold coins, pieces of paper with dead president pics on them, small clear rocks(diamonds), Majic the Gathering cards, Picasso paintings , etc ....its what we do.

get it?

No bro I don't "get it" as you say. If all you are saying is true why BTC was worth $65000 in april and only $33000 today? You dare to call that a store of value? LOL
Scarcity doesn't give value, take a pen, a sheet of paper and draw something. Your drawing will be unique in the universe, is it worth something yet?

[mckinleeanael07]

In the future, if BTC becomes more scarce and non-inflationary, the price of BTC will certainly increase higher than the current price, as well as gold, BTC is the second gold for crypto lovers as well. like me.

[maxreish]

There were times that I was wondering too why Gold was considered as a store value by now I do underatand why gold is a type of an asset that flactuates over time. Same with bitcoin that was discovered not just by achieving cashless and convenience transactions but the amaziny thing is that it has a blockchain technology that can be  useful in different fields.

[mindrust]

Bitcoin is replacing gold on many levels that's true. BTC can also act as a medium exchange which gold cannot anymore. So bitcoin is both a currency and a store of value while gold is only a store value. Apparently bitcoin has a lot better technology than gold.

God created gold and men created bitcoin. Which one do I trust more? Of course I trust men because in this age we are clearly better than gods.

[(o)(o)ilikeboobs(o)(o)]

Gold and Bitcoin both have good use cases in their own right. We don't know how much gold there is in the world but it is clear that governments hold more gold.
Bitcoin is only held by the community, so Bitcoin's price increase will be better. Bitcoin has a very limited quantity and a large amount has been lost in the past so Bitcoin is completely scarce compared to gold.
Bitcoin is easier to exchange than gold and safer because it has good technology and circulates on blockchain and the internet.

[Caldear]

Bitcoin is valuable. People like to invest in Bitcoin because they see its value and begin to recognize Bitcoin. Bitcoin has realized people's freedom of wealth. Bitcoin is still decentralized. We can control our wealth without being supervised by the government, and we can also trade around the world, saving time and money. And the total number of bitcoins is fixed, and the more people who believe in it, the greater the value of bitcoins.

[kryptqnick]

If there were aliens about 1 thousand light years away, and they had viewing devices with such precision that they could look at individual people living on Earth, they probably would've seen people using gold as money. If they had the same equipment but lived 150 light years away, they would see that poeple use paper money, but it is backed by gold.
After that, if some aliens travelled to our contemporary worlds, I think they would be surprised that people are using worthless pieces of paper which have zero intrinsic value, but they can get real goods and services for these pieces of paper because the governments say these pieces of paper are worth it and enough people believe in it.
My point is that various things and mechanisms can work for money, and the same holds for the store of value: as long as people believe in it long-term, it can serve as a store of value.

[BETTYUI]

Bitcoin is an emerging digital currency with great potential. The storage and trading of gold are inconvenient, which increases the difficulty of storage. Bitcoin exists in the network system and can be used only by keeping the private key. The transaction is particularly convenient, and it can also be traded globally. Bitcoin's global consensus has also been continuously strengthened, and people's demand for them continues to increase, and the value of Bitcoin will also increase.