For thousands of years, gold has been the international currency, and for good reason. Gold is a substance that is in high demand and there is a finite amount that can be produced. Bitcoin, through cryptography, was created on these very principles. Bitcoin must be mined, is in high demand, and there is only a finite amount that is available – just like gold. Let’s take a closer look at the relationship between bitcoin and gold in this extremely informative infographic.
The above comments are edited excerpts from an infographic* from Sukhdip Basra (VisualCapitalist.com) entitled Bitcoin vs. Gold.
Relative to its short history, Bitcoin has made a significant global impact and has become popular with those who seek an alternative to fiat currency. Only time will tell which has more upside: bitcoin or gold.
Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.
*http://www.visualcapitalist.com/bitcoin-vs-gold/ (Copyright © 2014 Visual Capitalist | All rights reserved.)
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