Could Bitcoin/other cryptos challenge Gold?

The importance and value of gold cannot be overemphasised. For sure, the value of bitcoin is irreplaceable. Before i proceed i will like to explain briefly the meaning of bitcoin.

What is bitcoin

Bitcoin is the first decentralized digital currency in the world. Bitcoin was first proposed by Satoshi Nakamoto a software developer in 2008 and was made public in 2009.

Could bitcoin challenge gold?

Gold is desirable by some people and its price is stable in the market than bitcoin.

Bitcoin is quite different from other cryptos. It is a beggining of a new monetary system. We hope to see bitcoin in the nearest future as the size of gold.

The world's total money is said to be estimated to worth about $80 trillion. Bitcoin has only tiny silver of the market today with gold having greater share of the market.

Bitcoin is growing very fast and new cryptos introduced on daily basis. With this rate, the old system are headed for troubles. Bitcoin with time is sure to challenge gold in this trend.

Thanks for reading.

Kind regards.

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