Bitcoin (BTC) Has Six Advantages Over Gold, the $7 Trillion Asset, says crypto giant Coinbase
The total market cap of gold currently is around $7 trillion, which is more than 38 times that of Bitcoin (BTC). Coinbase, a crypto exchange giant, says that BTC can become a viable store of value in the digital age — which could be an alternative to gold.
According to a recent blog post, Coinbase argues that the cryptocurrency offers six advantages over the traditional asset.
- The ability to trace transactions on the ledger
- Low fees for cross-border transfers
- Peer-to-peer pseudonymous transactions protecting privacy
- Portability
- Divisibility
- Scarcity
What do you think? Are there any additional advantages that you can think of?
Check out the video about this topic: Bitcoin Six Advantages
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If you would like to learn more about Bitcoin, check out a review of Satoshi Nakamoto’s original Bitcoin White Paper back in 2008. This was the genesis of the crypto revolution: Video review of the White Paper
Published at Mon, 17 Feb 2020 04:53:57 +0000
