#BinanceBlockchainWeek #BTCvsGold
In this wave, I stand with CZ.
$BTC
The reason gold has been able to endure for such a long time as the most important representative of value in human development is due to its special luster, divisibility, ductility, and rarity. After excluding toxic and harmful elements from the periodic table, it is one of the few chemically stable solid elements. Therefore, as long as humanity exists, this metal will carry value. There is a saying that gold and silver are naturally currencies, and compared to silver, gold is scarcer and harder to obtain. Thus, gold is recognized as the king of precious metals, an important carrier of value throughout human history.
Bitcoin has only been around for a little over a decade since its birth in 2009 and has not undergone the historical tests of thousands of years like gold. Thus, it does not have the same widespread human consensus as gold. This is also evident in the experience of asset holding. Bitcoin's volatility is favored by speculators. Currently, it is trending similarly to the tech indices of the US stock market. In contrast, gold's volatility is more stable, providing a better holding experience. The more competitive products are gold ETFs or accumulated gold. However, Bitcoin, as a great technological invention and practical application of peer-to-peer electronic cash transactions, has intrinsic tool and technical value, and the market performance over the past decade has proven all of this. $BTC really can rise.
The gold token primarily needs to address the issue of trust. As a RWA (Real World Asset), it must resolve various issues such as physical redemption and management maintenance, and it even requires a minimum redemption amount, which in essence remains centralized. Just as CZ referred to tokenized gold as the 'trust me bro' token, while gold is quite robust, the on-chain token of gold may not be as reliable. In fact, the price of gold tokens can deviate significantly from the spot market price of gold during transactions, showing similar trends, but once on-chain liquidity is insufficient, the price difference becomes very large. Essentially, gold and gold tokens are two different assets. Compared to gold and gold ETFs, gold tokens fall far short, carrying too many risks and yielding less than gold or its derivative ETFs. However, gold tokens have indeed shaped gold into a form that on-chain enthusiasts desire, which is quite an interesting thing. But gold tokens are merely a very unreliable substitute for gold, whereas Bitcoin is the real currency.
Therefore, from the perspective of risk management, the risks of gold tokens are much greater than those of Bitcoin. From the perspective of asset appreciation, the historical evidence over the past decade proves that Bitcoin's appreciation outperforms that of gold tokens.
In summary, if you have faith in BTC and hope for a faster asset appreciation, you might consider $BTC . If you want a better asset holding experience, it is recommended to hold gold ETFs. If you have a stronger belief in gold and also have an enthusiasm for blockchain, then you might consider holding a little bit of gold token $PAXG $XAUT for fun.
@墨客 Hello, K, this article summarizes the advantages of gold that I wanted to mention earlier. Feel free to come to the square to chat when you have time.
