Why do many people call Bitcoin "digital gold"?

[Wawa2013]

I think because of it's value which is precious like gold. Digital because bitcoin was created as digital currency which comparable to gold. You know the only thing that’s great about bitcoin that isn’t in gold is that every person in the digital community can have bitcoin even smaller. Many people have bitcoin in their wallet but no gold.

Apart from both having a value which is precious, Bitcoin and Gold also have several other things in common. Like getting it by being mined,
then Bitcoin and Gold are also limited in number. Because Bitcoin is only used in the digital world, therefore many call Bitcoin as digital gold.
In fact, when compared again, both Bitcoin and Gold have several differences, because they are indeed different. There is no need to compare
which is better between Bitcoin and Gold, because both are very worthy of long-term investment. If both are equally good, why should we choose one?.
I even now invest in Gold and Bitcoin.

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[kopijos]

actually it is not correct if bitcoin is called digital gold.
because the nature of bitcoin is easy to increase and decrease drastically, in contrast to gold which is always stable and increases even though slowly.
this is actually just a designation but for the nature of the two are very different

[ChiBitCTy]

I for one have always been someone who has gotten VERY annoyed by all of the bitcoin vs gold or bitcoin or gold talk, because the two are very different things.  That being said they of course also have some properties in common that make them somewhat comparable, but that being said there are plenty of things you can compare from one to another so it still annoys me a bit.  However the book Digital Gold is fantastic and a highly recommended read!

[rizqoAD]

In my opinion, the reason Bitcoin is called digital gold is because Bitcoin has characteristics like real gold, even though in digital form Bitcoin has a limited amount and cannot be counterfeited. In addition, the price that continues to rise makes Bitcoin more valuable like gold, so it is often referred to as digital gold. Bitcoin is the only cryptocurrency that has the highest value compared to other cryptocurrencies, this makes Bitcoin an alternative investment other than gold because it is more economical to store in a digital wallet.

[breathlessz]

I think this is because bitcoin is a potential investment tool like gold, while the difference is that gold has a physical form, while bitcoin does not. so bitcoin is widely said to be digital gold. actually investing in bitcoin is very profitable as long as we are patient to hold it, many of the investors who see the wild movement so panic sell

[Reatim]

Is not it so? As for me, now for investment this is a really worthy option, which can be quite profitable.

have you read the thread or even the title? i see no direct connection in your post and this sounds funny lol.

actually it is not correct if bitcoin is called digital gold.

WHy ? what is not correct on this to be called as digital gold? mind explaining please?

because the nature of bitcoin is easy to increase and decrease drastically, in contrast to gold which is always stable and increases even though slowly.
this is actually just a designation but for the nature of the two are very different

they may be different because one is digital and another is physical but it is indeed best to have them both for future use.