Niko LaamanenFounder, Publisher at Konsensus Network

The Growing #Potential of #Bitcoin as #Digital #Gold: A Decade of Accumulation, #storytelling

3 Apr 2024 · 1 min

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In this monologue, the speaker argues that over the past decade Bitcoin has been steadily accumulating credentials as "digital gold." He emphasizes that Bitcoin's longevity directly enhances its reliability and ubiquity as a store of value: each year it survives without collapsing adds to its potential to become an omnipresent store of value, possibly even surpassing physical gold. The speaker highlights specific features where Bitcoin holds advantages over gold, suggesting that time works in Bitcoin's favor and that its digital nature may allow it to become more universally accessible than traditional gold.

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TranscriptAuto-generated · 1 min

What I think is happening, has been happening over the last, over a decade, that Bitcoin has been accumulating credentials as digital gold. The longer it lasts, the more ubiquitous and more reliable it becomes. So time works very much in favor of Bitcoin. So for every year that Bitcoin does not collapse and does not get discarded, It gains more and more potential for being omnipresent store of value like gold, at least like gold, or possibly even more omnipresent because there are some features which Bitcoin advantage over gold.

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