💬 Brian Armstrong on Bitcoin vs Gold
Brian Armstrong recently said: "Bitcoin is a better form of money than gold." This reflects the evolution of money in a digital world.
🟡 Why Bitcoin shares gold’s strengths and adds new advantages:
1️⃣ Scarcity – Gold is limited, but new supply is mined each year. Bitcoin has a fixed supply of 21M coins.
2️⃣ Portability – Gold is heavy and costly to transport. Bitcoin can move globally in minutes.
3️⃣ Verifiability – Gold requires experts for authenticity checks. Bitcoin can be verified mathematically by anyone running a node.
4️⃣ Censorship Resistance – Gold can be seized. Bitcoin is decentralized, with ownership secured by cryptography.
5️⃣ Divisibility & Usability – Bitcoin can be divided into tiny units for micro or large transactions, while gold is less practical for digital use.
⚠️ Note on volatility:
Bitcoin can be volatile, especially in the short term. Historically, new monetary systems, including gold, also faced periods of instability before wider adoption.
🌐 Key takeaway:
Bitcoin operates 24/7, borderless, and permissionless, offering features traditional gold cannot.
#Bitcoin #CryptoEducation #DigitalAssets #StoreOfValue #BinanceSquare