Bitcoin Is NOT Digital Gold

It is not a safe haven either.

Feb 21, 2022

∙ Paid

Bitcoin as gold. — Photo by Kanchanara on Unsplash

One argument I continue hearing in favor of Bitcoin is that it’s digital gold. That it’s a safe haven asset. Its decentralized nature allegedly protects it from market forces like inflation.

This is a fundamental misunderstanding of Bitcoin and cryptocurrencies more broadly.

Bitcoin’s price history juxtaposed with gold, …

Keep reading with a 7-day free trial

Subscribe to Unartificially Intelligent to keep reading this post and get 7 days of free access to the full post archives.