Why Gold Advocates Think Gold Is Better
Gold enthusiasts argue that:
✔ Gold has been money for thousands of years.
✔ Gold has intrinsic value (it’s physical, used in jewelry/industry).
✔ Bitcoin is just “code” and could disappear.
✔ Bitcoin is a speculative bubble with no real backing.
Sounds convincing if you don’t fully understand Bitcoin. But here’s why they’re wrong.
1. Gold Is Good, But Bitcoin Is Better Money
Money has three key properties:
1️⃣ Store of Value – Maintains purchasing power over time.
2️⃣ Medium of Exchange – Easy to trade.
3️⃣ Unit of Account – Can price goods/services in it.
Gold is great at #1 but terrible at #2 and #3. Bitcoin excels at all three.
💡 Example:
- Want to send $10M in gold across the world? Good luck.
- Want to divide a gold bar into precise micropayments? Impossible.
- Want to verify if a gold coin is real? Requires expertise & equipment.
Bitcoin fixes all of this.
2. Bitcoin Is Scarcer Than Gold
Gold’s supply increases every year through mining. And if asteroid mining or new earth deposits are found, the supply could skyrocket.
Bitcoin? Fixed at 21 million, forever. You cannot mine more. Scarcity is built into the protocol.
💡 Analogy: If you knew the total supply of gold was permanently capped, its value would explode. That’s Bitcoin.
3. Bitcoin Is More Portable & Censorship-Resistant
Gold is heavy, hard to move, and easy to confiscate (just ask people who lived through gold bans, like the 1933 U.S. Executive Order 6102).
Bitcoin is weightless. You can store millions on a USB drive, a piece of paper, or even memorize your seed phrase.
- Governments can seize your gold.
- They can’t seize Bitcoin in your head.
4. Bitcoin Is More Liquid & More Divisible
Gold is hard to divide. You can’t shave off a piece of your gold bar to pay for coffee.
Bitcoin is infinitely divisible (1 BTC = 100 million satoshis). You can send $0.01 or $10M instantly.
5. Bitcoin Is More Transparent & Verifiable
If you receive gold, you need experts to confirm it’s real. Fake gold bars exist. Counterfeit coins exist.
Bitcoin? You just run a node. Every transaction is public, verifiable on the blockchain in seconds. No fakes, no counterfeits, no trust needed.
6. Bitcoin Is Appreciating Faster Than Gold
- Gold has gone from $35 in 1971 to ~$2,900 today. (~83x in 54 years)
- Bitcoin has gone from $0.01 in 2010 to ~$100,000+ today. (~10 million x in 15 years)
Gold preserves wealth. Bitcoin multiplies it.
7. Bitcoin Is the Natural Evolution of Gold
Gold was money for thousands of years because it was the best technology available at the time. But it’s slow, inefficient, and inconvenient in the digital age.
Bitcoin is what gold would have been if it was invented today.
- Gold is analog money.
- Bitcoin is digital gold.
Just like email replaced handwritten letters, Bitcoin is replacing gold as the best store of value.
So, Is Bitcoin a Bubble?
🚫 No. A bubble is when something’s price is detached from reality.
Bitcoin has the strongest monetary properties ever created:
✔ Hardest money in history (fixed supply)
✔ Decentralized, can’t be controlled
✔ Portable, divisible, verifiable
✔ Global adoption growing exponentially
Bitcoin isn’t a bubble. Fiat currencies are. They constantly inflate and lose purchasing power. Bitcoin is simply absorbing the value leaking from fiat.
Gold Advocates Will Realize Too Late
Many gold bugs dismiss Bitcoin because they don’t understand it—just like horse-and-carriage companies dismissed cars. They’ll wake up one day and realize:
❌ They should have bought Bitcoin.
✅ Bitcoin is gold 2.0.
The real question is:
Do you want to live in the past or the future? 🚀