Throughout a years, there have been several comparisons between Bitcoin and gold, as both forms of financial value share some identical traits on a surface. Neither Bitcoin nor bullion has unique value, they are both scarce, and mining is partial of a routine for both forms of currency. But that is where a correlations finish and banks tend to whack Bitcoin since it can’t live adult to a “gold standard”. That is not too surprising, deliberation how both of banking are totally different.
Banks Are Legitimately Afraid of Bitcoin
While banks will never entirely welcome Bitcoin as we know it today, there is no reason for blatant disregard of this renouned digital banking either. Bitcoin has turn increasingly popular over a past few years, and that has been a thorn in a side for banks, as digital banking is approach foe for a centralized banking system.
Comparing Bitcoin to gold is great, though in a end, eventually futile, and formed on a few misunderstandings. While it is loyal a sum supply of bullion can't be manipulated by executive banks, a infancy of this precious