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Bitcoin Won't Replace Gold. Here's Why You Should Still Own It | The Mesh Report

Bitcoin Won’t Replace Gold. Here’s Why You Should Still Own It

Growth Stock Network October 12, 2017 Comments Off on Bitcoin Won’t Replace Gold. Here’s Why You Should Still Own It

Bitcoin is frequently compared to gold. But it’s not an either/or proposition, and I’ll tell you why.

Indeed, gold and bitcoin are the only two widely distributed, decentralized methods of exchanging value as currency. There is no central authority issuance like there is with U.S. dollars or any other fiat currency.

Likewise, neither bitcoin nor gold can just be printed at the push of a button by an anxious central banker. You have to either earn your gold by mining it – which is also what you do to get bitcoin, but with computers instead of picks and shovels – or you can pay cash for it. But there’s one big difference between the two…

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Photo: “Bitcoin statistic coin ANTANA” by antanacoins is licensed under CC BY-SA



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