#BTCvsGold The widespread impression after the book "Digital Gold" by Nathaniel Popper is that drug trafficking provided Bitcoin with its first mass audience and anonymous payments. Almost all successful currencies suffered from a bad reputation at the start. Bitcoin, however, demonstrated the real value of anonymous digital money.
Gold: 5000 years of history, understood by everyone, physical value, but heavy, expensive to store and transport. Tokenized gold is simply a "digital certificate" for gold in a bank vault, relying on the issuer (centralized).
Bitcoin: 16 years, zero physical value, but absolute scarcity (21 million), impossible to confiscate or counterfeit, instant global transfer without intermediaries.
My position: Bitcoin has already won. Tokenized gold is "gold 1.0 in a digital wrapper," while Bitcoin is "gold 2.0," created specifically for the digital age. Gold will remain, but as a reserve asset, it will yield to Bitcoin, just as gold yielded to paper money in the 20th century.
