#BinanceBlockchainWeek #BTCVSGOLD $BTC $BTC
Bitcoin VS Tokenized Gold, I firmly stand with Bitcoin. The value of gold has relied on scarcity, consensus, and the physical properties that cannot be increased for thousands of years, but it also has fatal flaws: high storage costs, extremely inconvenient transfer, difficulty in division, and trouble in authenticity verification. Tokenized gold (PAXG, XAUt, etc.) has brought gold onto the blockchain, but it merely reintroduces centralized trust (whether the issuer can 100% redeem the reserves), and essentially remains 'IOU gold.' Once the issuer collapses, it goes to zero. Bitcoin, on the other hand, is the first true realization of 'digital gold' in human history: 21 million hard cap, absolutely scarce, no need for third-party custody, globally instantly verifiable, infinitely divisible, and low-cost cross-border transfer 24/7. More importantly, Bitcoin has been running for 16 years, never hacked, never inflated, and never controlled by any single entity; this decentralized consensus mechanism itself is the strongest credit endorsement. Gold has been the king of currency for the past 5000 years, and Bitcoin will be the king of digital currency for the next 500 years. Tokenized gold is merely a transitional product and will ultimately be completely replaced by native digital scarce assets. In the long run, it is only a matter of time before BTC's market value surpasses gold.
I am all in on Bitcoin, not all in on others' gold IOUs. What do you think? Feel free to debate!