Bitcoin Facing Gold And Fiat Currencies On 10 Essential Properties Of Money

The best way for you forming your own opinion on Bitcoin.

Qualified as digital gold or gold 2.0, Bitcoin is very often compared to gold due to its scarcity but also because of its process for creating new Bitcoins that is similar to gold mining. Since Bitcoin aims to build a better monetary and financial system for the future, it is also naturally compared frequently with the current monetary and financial system.

I have my opinion on what Bitcoin is and what it can bring to the world in the years to come. I could tell you that Bitcoin will create a fairer world in the future by giving power back to the people. Nevertheless, you could argue that this is only my opinion and that it does not allow you to form a real opinion on Bitcoin and its future.

In a way, you’d be right. You must form your own opinion about Bitcoin in order to have a chance to become aware of its phenomenal potential for the future of humanity. Rather than asking you to take my word for it, I suggest you compare Bitcoin against gold and fiat currencies through 10 essential properties of money.

For each of the 10 properties of money that I will exhibit, I will give you my vision of the winner in this three-way fight. At the end of the article, you will be able to form a better opinion on the advantages and disadvantages of Bitcoin while having the opportunity to further your own research on one or the other of the different properties analyzed.