In recent times, gold has become the prey of many following the surge in prices in the market, making the asset one of the most valuable against the ringgit.
In contrast to the co-founder of the Gemini crypto exchange, Tyler Winklevoss argues, Bitcoin (BTC) is 10 times better than gold.
It's impossible!
Through his Twitter tweet yesterday, Winklevoss described BTC as 'gold' better than gold.
This is not the case, over the past decade, the price of BTC has skyrocketed, surpassing several benchmarks throughout the uptrend.
In addition to the surge in gold prices, the public often compares digital assets with gold. In fact, BTC is also seen as valuable savings and no longer a trading currency.
The founder of LVL, a banking solution for cryptocurrencies, NebraskanGooner through his Twitter account expressed his confusion over the asset competition between gold and BTC, as both have a certain value.
Winklevoss further strengthened its position by presenting two charts representing the two assets, gold and BTC.
Of the seven categories, gold-topped the chart in terms of asset value, with a market capitalization of $ 9 trillion. Meanwhile, BTC only has a market capitalization of $ 200 billion.
For other aspects such as volume, durability, accessibility, distribution, storage, and high level of security, Bitcoin is the champion, beating the gold position.
BTC also recently became a public concern as a hedge fund in 2020 following several large firms began investing in the asset.
