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Why Bitcoin is not like Gold
Manage episode 285042064 series 2863641
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Why Bitcoin is not like Gold!
I have had a lot of people asking me whether Bitcoin is better then gold? I have also had comments saying that Bitcoin is like the next gold rush.
Bitcoin is nothing like gold. Gold has been traded and used as a store of wealth for thousands of years across human culture. It is a precious metal that is rare and can also be used for lots of purposes such as jewelry, machinery, computing etc.
Bitcoin is a type of cryptocurrency that has increased in price due to pure speculation and not because of any fundamental value. In fact Bitcoin and other cryptocurrencies are worth very little.
In this video we will look at why bitcoin is not like gold and where you should invest your money. We will look at why cryptocurrencies such as Bitcoin and Ethereum are in an overhyped market and explain why there are so many risks now to investing.
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