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RE: Is Bitcoin a Better Store of Value than Gold?

in #bitcoin6 years ago (edited)

Great post. Also regarding gold, when the price goes up the supply tends to increase as more people start mining gold. Bitcoin supply will not change with the price, it is what it is. Also bitcoin is much more transferable than gold, IE you can send fractions of bitcoins anywhere in minutes, whereas gold you have to physically send it and can't really cut a piece of it off easily. I think that may affect the ultimate prices for both stores of value as well.

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That is a great point, and makes sense that bitcoin isn’t hampered nearly as much by increasing mining when prices are higher like gold is, though there will be more people making more computations to earn the bitcoins when the price is higher. This is why you are the expert my friend!

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