BITCOIN: Comparison with Gold
Gold Total Market Cap is 7.8 Trillion Dollar.
Bitcoin Market cap is over 100 bn Dollar Mark Long way to go.
Why people compare Bitcoin with gold?
Bitcoin is Scarse, Divisible, Fungible and Tangible. All there properties are similar to Gold.
Gold is difficult to mine. You need expensive Mining Equipment, Labor force, Contracts etc.
Bitcoin is also Difficult to mine. You need huge Mining Rigs in order to mine Bitcoin. Also Difficulty level is increases day by day in Mining Bitcoin.
Most properties of Bitcoin are similar to Gold. But best property of Bitcoin is you can send bitcoin anytime anywhere around the world any quantity unlike Gold. Bitcoin Network Work 24*7 from last 9 Years unlike Banks which work only 9 hours a day in weekdays only.
As more and more people buy currencies bitcoin price will soar. at present only 20 mn people use bitcoin. When it crosses a Billion Mark Bitcoin will easily cross Trillion dollar Mark. Every passing day more people are entering in crpto world. Some Day Bitcoin will cross Gold Market cap as well.
Thanks,
Shrinivas Dontul
Analyst.
Donate ETH: 0x9EbE1da54Fe8509f2BA8A8C0222fbb5F1d3256Bf
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