Bitcoin is a better gold than gold itself, Tyler Winklevoss says
Bitcoin is a better gold than gilt itself, Tyler Winklevoss says
Bitcoin may never escape its ongoing comparisons to golden.
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According to Tyler Winklevoss, co-founder of the Gemini crypto exchange, Bitcoin beats gold at its own game.
"Bitcoin is improve at being gold than gold — and not merely incrementally, but past an order of magnitude or 10X meliorate," Winklevoss said in a Sept. 21 tweet.
Over the terminal decade or so, Bitcoin has risen dramatically in price, surpassing numerous landmark price comparisons along the way. For many, information technology is now seen more than as a store of value than a transactional currency, and the public oftentimes compares the digital coin against gilded; a time-tested method of value storage used for thousands of years.
"I don't empathize why there's a competition betwixt gold and Bitcoin," NebraskanGooner, a pseudonymous crypto trader on Twitter, told Cointelegraph. "I consider them both a store of value," he added. NebraskanGooner is besides the founder of LVL, a banking solution in the crypto space.
In his social media post, Winklevoss included a chart pitting the 2 assets against each other. Out of 7 categories, gold ruled one — the total amount coin held in the asset. Gold has a market cap of $9 trillion, while BTC has a market place cap of $200 billion. Otherwise, Bitcoin took the win for scarcity, durability, portability, divisibility, storage and counterfeit difficulty.
Bitcoin has also recently gained further notoriety every bit a store of value in the mainstream public center in 2022, as multiple mainstream giants take invested heavily into the asset.
Source: https://cointelegraph.com/news/bitcoin-is-a-better-gold-than-gold-itself-tyler-winklevoss-says
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