Here's What Would Need to Happen for Bitcoin to Flip Gold
Bitcoin (CRYPTO: BTC) boosters sometimes refer to the cryptocurrency as digital gold because of its scarcity and limited supply. But could it be worth more than all of the actual gold that's in circulation someday?It's a lot more likely than it sounds. It might even be inevitable. Here's what would need to occur for it to actually happen.For Bitcoin to flip gold, it would need to become much more valuable, but that's not as meaningful as it may seem.Continue reading
Bitcoin (CRYPTO: BTC) boosters sometimes refer to the cryptocurrency as digital gold because of its scarcity and limited supply. But could it be worth more than all of the actual gold that's in circulation someday?
It's a lot more likely than it sounds. It might even be inevitable. Here's what would need to occur for it to actually happen.
For Bitcoin to flip gold, it would need to become much more valuable, but that's not as meaningful as it may seem.
