The answer should be gold, without question.
Maybe not, here’s why.
Gold has been around since Earth’s formation, from thousands of years to billions of years (depending on who you believe).
It is a precious metal because it is in limited supply. It is estimated that around 60 tons of unmined gold remain in the earth.
Earth basically has three usages:
Jewelry
Investment
electronics
But many things have been made of gold, or overlaid with gold, ranging from baby shoes to toilets.
Along came Bitcoin
A financial crisis in 2008 sparked an innovative idea in the cryptography world, and 16 years later, it is being compared to gold.
Why?
You can’t wear it or make anything from it; you can only virtually own it.
So, what gives?
The Commodity Futures and Trade Commission (CFTC) defines Bitcoin as:
“Bitcoin is a convertible virtual currency. Virtual currency is a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value.”
