It has been almost a decade since Bitcoin at first stepped up into the global financial arena and despite the headwinds of potential it was immediately dubbed as a supernatural offspring of the darknet. Yet even the vigorous opposers of digital currency have to admit Bitcoin’s glaring similarity to the world’s most precious metal, namely gold.
Indeed, after careful consideration it becomes clear that these two assets have lots in common. Many analysts and enthusiasts in the industry draw connections between the inherent natures of gold and the digital currency citing durability, security and divisibility of the two individual assets. Moreover, gold as well as Bitcoin serve as a store of value enabling investors to hedge funds against losses.