Why Bitcoin is Gold 2.0? Best Explanation Crypto
Why bitcoin is gold 2.0, the main reason most investor saying bitcoin cold 2.0 because bitcoin is the first and most valuable cryptocurrency launched on Jan. 3rd, 2009, that uses peer-to-peer technology to send instant payments digitally world wild, meaning bitcoin is the digital version of fiat currency [dollar].
also, according to our research bitcoin outperform all digital asset on Meger move, meaning bitcoin is the fastest asset on human history that outperform physical gold and other asset, before we break it more for better understanding, let see what the real history for better explanation.
The real Characteristics of money fiat Currency
in this paragraph we try to explain the characteristics of fiat money in order for cryptocurrency investor to better understand why we think bitcoin is gold 2.0.
let see what fiat currency characteristics is:
- durability: fiat money [$] does not deteriorates when handled
- portability: fiat money [$] can be easily transferred from one person to another using wester union,cashapp,or bank,
- uniformity: fiat currency is uniformed in terms of what it can buy
we all agree that the fiat currency [$] match the bull point above.
the characteristic of physical gold:
let see what the real characteristic of physical gold since fiat currency not back by anything, meaning the fiat money are just not safe that why most investor put their money in physical gold.
- durability: meaning physical gold does not deteriorate when handled often
- portability: meaning physical gold can be portable from one person to another in certain amount
- divisibility: meaning physical gold can easily break into smaller or larger amount
- uniformity: meaning physical gold are uniforms world wild in terms what it can buy
We all agree that physical gold have all the requirement listed above and it been around for 7000 years since 1835, but according to the history natural gold been around for 4.5 billion years. But yet some time it very difficult for investor to move around with big amount of physical gold.
The characteristic of Bitcoin
Let see what the characteristic of bitcoin is:
- durability: meaning Bitcoin does not deteriorate when handles often because it on blockchain
- portability: meaning bitcoin can be easily transferred from one person to another world wild 24/7 and can be portable even though you have 100 millions of it
- divisibility: meaning bitcoin can split up into smaller or larger amount easily world wild
- uniformity: meaning bitcoin is uniforms in terms of what it can buy world wild
- limited supply: meaning bitcoin have limited supply of 21 million coin that been said there will be only 21 million people controlling the money transaction world wild.
According to our research, bitcoin is the 14 top asset in the world by ranking and it only been around for 13 years, meaning bitcoin outperform all asset world wild compared to gold, amazon fiat money, etc. That makes bitcoin the fastest asset in human history,
What all cryptocurrencies’ investors must pay attention is how and where institution money making move [big money] cryptocurrency world in order to build generation of wealth, financial freedom and quit your 9-5 just over broke so called [job], recently BlackRock the largest financial institutional who has over 10 trillion under management, start offering bitcoin to is partner. This is huge move for cryptocurrency world.
Most investor like Cathy wood the CEO of ark invest believe that by 2030 bitcoin price will jump to 1 million and there only 21 million assets available.
We think this is the greatest time for investor to have at least exposure [investment] in bitcoin but we are not financial adviser, because we can’t tell you what to do what your money, if possible, do your own research.
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