Bitcoin will replace Gold code
bitcoin will never replace gold
this view does not mean that I am against bitcoin or I am not optimistic about the development prospect of digital currency. On the contrary, I am optimistic about the development of digital currency. However, no matter how much bitcoin and other digital currencies develop, they will never replace gold. The reasons are as follows:
first, gold reserves are limited and there is no substitute, Bitcoin can be replaced at any time
at present, about 170000 tons of gold have been mined in the whole earth, and the gold reserves of all countries in the world are 33259.2 tons, and the rest are used in jewelry, instry and private investment fields. With more and more gold mining, the proven reserves of gold will be less and less, so gold will be more precious in the future
But bitcoin is different. Bitcoin is just a kind of virtual currency. To put it bluntly, it is a computer program. People can develop digital currency similar to bitcoin at any time, so bitcoin can be easily replaced From this, we can see that although the US dollar is also a world currency, the US does have a very large proportion of gold foreign exchange reserves, which in turn further strengthens the status of the US dollar
so in general, the status of gold can never be replaced by bitcoin< br />
Although bitcoin is soaring, it can't replace gold. Gold is directly linked to currency. The Brinton forest system established after World War II has linked the US dollar to the gold tube and the currencies of other countries to the US dollar. In this way, gold has a unique function of general currency, but bitcoin can't{ RRRRR}
the fact that the price of bitcoin can't rise recently has something to do with the economic fluctuation behind it, because it can also be regarded as an investment. Some people think it has the function of fighting inflation. Because of the epidemic situation, the economic development situation of all countries in the world is not very good, so monetary policy is needed to stimulate it, Although the efforts and methods of regulation and control are different, they are basically water releasing, that is, to implement loose monetary policy, lower deposit and loan interest rates, lower deposit reserve ratio, and let more active money flow in the market. however, this not only promotes economic development, but also brings inflation, which requires some investment methods to combat inflation, Bitcoin has become one of the choices, which leads to the rapid rise of bitcoin price in the short term
moreover, bitcoin is a fixed number of things (almost finished?). If this thing becomes something similar to money, there is no need to worry about inflation, because there will be continuous deflation. Deflation is more terrible than inflation, which also determines that bitcoin cannot be used as a currency. If you use bitcoin to measure debt, people in debt find that the debt rises automatically every day, and financial markets can't do it.