Why do many people call Bitcoin "digital gold"?

[Sir Legend]

Just like gold, bitcoin is scarce and durable. In addition, bitcoin exhibits high portability, is easily transactable and programmable. What it lacks relative to gold, of course, is a long history of being perceived as a store of value.” “As digital gold

Bitcoin certainly has a lot of disadvantages compared to gold, but I use bitcoin to get big profits. gold has been used since thousands of years ago, 100% of the world's people know gold so that everyone is always looking for it, besides that gold has always been the standard of wealth so that everyone will save gold

[RainbowKun]

You pretty much covered most of it; and I totally agree that Bitcoin's total addressable market is huge, even bigger than gold's. It's just that a lot of people are skeptical of Bitcoin solely because of it being intangible(besides some other things that's mostly because of ignorance). While digitization definitely has it's advantages, it's just that people like shiny good looking things.

My friends around me question Bitcoin mainly from two aspects:

• The attitude of the national policy is very restrictive and unfriendly to Bitcoin. Most people trust the government for whatever reason.
• The second aspect is their lack of knowledge, they are not good at Bitcoin investment, and the price of Bitcoin is very volatile and easy to be guided by individual people, such as Musk. The final point is that Bitcoin is not in their control. It is better to be a restaurant and have some income every day.

Yes, this is also the current attitude of most ordinary people towards Bitcoin. They believe more in the government's propaganda of Bitcoin. But I believe that this is short-lived. Bitcoin is fundamentally different from gold. The government can pass laws to prohibit the circulation of gold as currency, but the government cannot prevent the circulation of Bitcoin. Bitcoin is truly decentralized and no one can control it.

[Rehan Zakir]

Gold is the most popular metal in all over the world. And Bitcoin works same like the gold. It can be used in all over the world. It is not any country currency. It is now become a global currency that anyone can use from anywhere in the world. That's why many peoples say Bitcoin the digital gold. But gold is a metal and bitcoin is currency both have difference. But both can be used for exchange of goods.

[Luzin]

Gold is the most popular metal in all over the world. And Bitcoin works same like the gold. It can be used in all over the world. It is not any country currency. It is now become a global currency that anyone can use from anywhere in the world. That's why many peoples say Bitcoin the digital gold. But gold is a metal and bitcoin is currency both have difference. But both can be used for exchange of goods.

A global currency that has not been recognized by the rest of the world. I think only a few countries recognize it as a means of payment. It also goes against World Bank rules. They do not recognize bitcoin as legal tender. Therefore, access is still limited.
Regarding the name I think it's only in some circles this is seen because of the special value of Bitcoin. If in the real world gold then in crypto bitcoin. It's just a parable because of its value alone. IMO

[CryptoStar19]

The comparison to gold is primarily as store of value...

Gold is not used as a medium of exchange or currency... and in the same way bitcoin doesn't need to be used for payments... it can grow tremendously from here just with the current narrative of being the world's first and best digital store of value.

[Hughes_Ryan]

I think bitcoin is considered as digital gold because bitcoin is the largest digital currency, attracts world attention and is considered an anti-inflation asset, bitcoin is comparable to the value of physical gold  traditional substance.

[macson]

Gold is the most popular metal in all over the world. And Bitcoin works same like the gold. It can be used in all over the world. It is not any country currency. It is now become a global currency that anyone can use from anywhere in the world. That's why many peoples say Bitcoin the digital gold. But gold is a metal and bitcoin is currency both have difference. But both can be used for exchange of goods.

because many people hear that Bitcoin is mined, many perceive Bitcoin as gold.  for me it doesn't matter because even now robert kiyosaki still calls bitcoin is digital gold.  I respect other people's opinion about Bitcoin.

[BuNga_cute]

Gold is the most popular metal in all over the world. And Bitcoin works same like the gold. It can be used in all over the world. It is not any country currency. It is now become a global currency that anyone can use from anywhere in the world. That's why many peoples say Bitcoin the digital gold. But gold is a metal and bitcoin is currency both have difference. But both can be used for exchange of goods.

because many people hear that Bitcoin is mined, many perceive Bitcoin as gold.  for me it doesn't matter because even now robert kiyosaki still calls bitcoin is digital gold.  I respect other people's opinion about Bitcoin.

Bitcoin and Gold are indeed obtained by mining, and not only that Bitcoin and Gold also have a limited supply. With some similarities that Bitcoin and
Gold have, finally some people call Bitcoin as digital Gold. And we don't really need to worry about that, everyone has their own thoughts, we appreciate
it if someone calls Bitcoin as digital Gold. Although Bitcoin and Gold are actually different assets, but as long as it doesn't have a negative effect then
let's appreciate it for people who call Bitcoin as digital Gold.

[ropyu1978]

why do many people call bitcoin as gold in digital, maybe from the price of bitcoin which is much more expensive than the price of ordinary gold, we can also make bitcoin an asset, to get bigger profits, but when compared to diamonds, bitcoin is still below diamonds. .

[seramania]

I think it's because bitcoin has the same value as gold.  the same is possible for investment but the difference is that gold does not have a fast and high increase like bitcoin, and bitcoin also cannot be as safe as gold.

[pawanjain]

I think it's because bitcoin has the same value as gold.  the same is possible for investment but the difference is that gold does not have a fast and high increase like bitcoin, and bitcoin also cannot be as safe as gold.

Bitcoin has a similar intrinsic value as that of gold. A lot of people invest in gold and a lot of people invest in bitcoin too and it's just a matter of their prioriities.
I think bitcoin and gold both are equally unsafe. A thief can steal your physical gold whereas a hacker can steal your bitcoins if you don't have the proper security.
Matter of fact I think bitcoin is more secure if we don't leave any vulnerabilities.

[dificanovi]

Many people say bitcoin is digital gold because bitcoin has a very fantastic price and has a price that often goes up and down so many people benefit from it.
The existence of bitcoin has been known by the whole world so that many people who want to buy bitcoin as well as gold, bitcoin and gold do have a lot in common so that many people also make pictures or metals made of gold bearing the Bitcoin symbol.

[LongStand]

I think that Bitcoin is called digital gold by most of people because its price is very high and there is less amount of Bitcoin. So Bitcoin is similar as gold. Bitcoin is consider as precious as gold. Bitcoin is safe and secure. Due to these reason Bitcoin is consider as gold.

[Shenzou]

The main reason why people are comparing bitcoin to gold is because they are both have a finite source there can only be so much of them available  in the world, sure you can say that fiat and physical money are also finite but governments are able to always print more and more where gold you can't create and so as the case with bitcoin

[AniviaBtc]

From the value itself and you can see it by the numbers. Bitcoin is limited and can vary its price over time so it is considered as gold by many.

Many people are treating it and making it as a store of value and a way to earn profit in the market.

Bitcoin is the start of digital investment or a digital asset like gold, before anything else like buy and sell, bitcoin is the first digital asset.

[RainbowKun]

From the value itself and you can see it by the numbers. Bitcoin is limited and can vary its price over time so it is considered as gold by many.

Many people are treating it and making it as a store of value and a way to earn profit in the market.

Bitcoin is the start of digital investment or a digital asset like gold, before anything else like buy and sell, bitcoin is the first digital asset.

Yes, in my opinion, Bitcoin not only has some of the characteristics of gold, but also has its own unique advantages. Bitcoin is more suitable as a store of value than gold, and it is not controlled by any single force.

[Wong Gendheng]

bitcoin is called digital gold, that's because bitcoin is like gold.  If we keep it, the value will continue to rise.  Like gold, the more you keep, the more expensive it is.  Even if we compare bitcoin and gold, the profit of bitcoin is much greater than gold.

Exactly, the many similarities between bitcoin and gold, the value that continues to increase and the number of active users continues to grow is proof that bitcoin deserves to be called digital gold, this makes me optimistic that bitcoin can last for a long time and of course with a price that continues to skyrocket.

[MIner1448]

First of all, due to the fact that this asset is quite expensive and always keeps in price, and also in the digital world it is difficult to find an asset more expensive than bitcoin itself, I would say that it is impossible to find, because it is the leader in the digital world in terms of assets for many years ...

[Tahsin Kabir Kollol]

The main reason why people consider Bitcoin as digital gold is that investing in Bitcoin is as profitable as gold. However, in my opinion, the use and popularity of Bitcoin are not as high as that of Gold, but Bitcoin has surpassed Gold in terms of price growth. If you analyze the comparative growth of the price of Bitcoin and gold since the beginning of the creation of Bitcoin, you will see that the growth of the price of Bitcoin is several times higher than that of gold. Although there is a difference in price growth, Bitcoin and gold are a profitable way to invest and that is why Bitcoin is considered as digital gold.

[juliepower]

People call Bitcoin a digital gold that's because it is not issued by a central bank or federal government. Investing in Bitcoin is as profitable as gold because the value of bitcoin increases. Bitcoin is a digital gold is that it is very scarce this is why Bitcoin is a successful cryptocurrency and not controlled by external authority and also financial crises, monetary policies don't affect the price of Bitcoin. That's why investers treat as a safe assets and as a digital gold.