Gold is a precious and highly valued metal in this world, and a lot of people have found value in it for centuries. Over the course of its history, both groups and individuals found it as a better way to store value across a variety of countries, eras, and settings.
Nevertheless, with the arrival of the internet and the introduction of digital currencies such as Bitcoin (BTC), a lot of digital technologies advocates believe that the time of gold as a fundamental store of value globally might soon come to end.
Bitcoin (BTC) has been likened to gold for a very long time now, and a lot of analysts and enthusiasts in the industry are drawing connections between the inherent natures of both assets.
Lou Kerner Says that Bitcoin (BTC) May One-Up Gold
A partner and co-founder of CryptoOracle – Lou Kerner, has come out to boldly say that Bitcoin (BTC) might actually one-up gold in certain qualities and areas, while still complementing the importance of gold to humanity.
The co-founder also said that “gold has been the universal store of value and it has held its position for thousands of years. Now there is something (Bitcoin (BTC)) which he believes might have more functionality than gold. So it is expected that over time (probably years to come), most of the people using gold as a store of value will likely switch to Bitcoin (BTC).
With an increase in the adoption of the digital currency, it can become a global store of value for most people sooner than expected.
Bitcoin (BTC) Price Today – BTC / USD
At the time of writing, Bitcoin (BTC) is trading at $6,406 after a decrease of about 2 percent over the past twenty-four hours. The current market cap of Bitcoin (BTC) is $110.25 billion and its trading volume over the past twenty-four hours is $3.66 billion.