ARE THERE REALLY CONFUSION BETWEEN GOLD AND BITCOIN
Grayscale had been airing a commercial to promote their #gbtc. You can watch it here https://twitter.com/Grayscale/status/1123664985312378880?s=20 This commercial has been out for some times in 2019. Having a different use case, bitcoin will replace Gold for what #gold cannot do.
#gold has been around before human existence.
It is shiny and tangible. Gold will always be around and be an asset of value.
Barrick Gold president trying to put blame on the reason why #gold is losing real steam in the market.
Confusion and anxiety always exist among investors.
Luckily #bitcoin is bringing a new trend in the market. Right now #bitcoin is touching $54k+ while gold is roaming around $1800. Sincerely there is more volatility with #bitcoin. #crypto is more appreciative in the long term than #gold. Digitally #bitcoin is the new gold.
There are many reasons to favor #bitcoin now over #gold. Clear indication sit with all the public companies that go along with it. #microstrategy, #tesla, #grayscale and recently #blackrock and a bank #bny. I guess people pushing #gold should revisit their mandate and do this for a long shot.
They should embrace digitalized gold like Pax or Tether way of offering it to their client. Again the trust factor is the reason why #bitcoin is becoming the new gold. Believe it or not being able to verify all transactions in the blockchain has proven to be the deal breaker. Blockchain technology is the way to go. Blockchain is the future wherever you turn for safety and security plus trust factor is the pillar.
#bitcoin or cryptocurrency will always be a companion for the financial world. It is a sign to show where we are heading while #bitcoin just touch another milestone $1 billion valuation. The interest is overwhelming to see who is really confuse lately. The usability of crypto far outpaced #gold when you see the speed and human error out there in the market. So far you can blame #bitcoin for high fees and network congestion you cannot say a thing about security in #bitcoin blockchain. $54k+/btc is a clear statement we need to stack satoshis.
Posted Using LeoFinance Beta
