What are the similarities between bitcoin and gold?

This is a far more interesting and relevant question than may, at first, seem evident. In fact, Bitcoin, Gold and fiat currency (a Dollar, Euro, Pound, Yen or Yuan) all share compelling traits that fulfill Aristotle's call for a currency to be practical and functional. read more

We can compare bitcoin and gold across the six characteristics that define sound money: 1) Durability. Both bitcoins and gold are almost perfectly durable. Bitcoins require the internet and bitcoin miners, but if we lose the internet we obviously have bigger problems. Gold may wear away slightly if not handled carefully. 3) Transferability. read more

Plenty of people are calling Bitcoin a new form of gold. There are certainly similarities between these two valuable objects. read more

Differences Between Bitcoin and Gold One of the main differences between Bitcoin and Gold is the tangible aspect of Gold versus the virtual aspect of Bitcoin. The maturity level of these markets varies rather significantly, which is one of the reasons Bitcoin’s price is extremely volatile. read more