I think so! Many (Many many) people think that Bitcoin is worthless, and it will eventually crash out. They might be right, but I don’t think there is anyway that will ever happen. Many Crypto lovers DO think Bitcoin is basically Digital gold.
Personally, I think Bitcoin definitely is digital Gold! For the same reasons people value Gold, I think this is why people love Bitcoin (just in the digital world). Gold is Scarce, very difficult to find and process into something usable. Gold will also be around for a very long time, out living its current holder. Bitcoin is much like this, but I would say Bitcoin is much more scarce than Gold and time will show. The main reason is that there will only be 21 million Bitcoins. Right now, we are just passed 19 million, so we’re getting close.
It will be interesting to see what happens when the last Bitcoin is mined. Once this happens, that’s it. The asset will become much more scarce than any other asset. Aside from art, I can’t think of an asset like this where it has a finite limit. Even precious metals are not as finite. Even though it is difficult to mine gold, it’s not absolutely finite.
It will be interesting to see where Bitcoin goes from here.
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