Bitcoin’s Victory Over Gold May Continue In 2017

Bitcoin’s Victory Over Gold May Continue In 2017

Some peculiar characteristics of Bitcoin have qualified the digital currency to substitute the position of money, currency or commodity depending on the preference of an individual. Bitcoin is similar to gold. Considering its identity as a commodity, a lot of people have considered the cryptocurrency to be similar to gold. Like gold, Bitcoin is durable, transferable, divisible, scarce, recognizable and fungible. These are the qualities that define sound money. Comparing Bitcoin to gold, Netcoins CEO Michael Vogel says that he has always viewed Bitcoin as a digital alternative to gold and....


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