Thread by @TheCryptoLark

#bitcoin will go on to rival the market cap of #gold this decade. That is a 15X from the current price, which will give a per unit price of $550,000 per BTC.

Bitcoin is the new gold, the gold for internet era. One of the world's richest men Ricardo Salinas Pliego agrees

https://twitter.com/RicardoBSalinas/status/1409048094063349761

While gold has been used as a store of value for thousands of years, there are various features which make Bitcoin the superior asset.

Gold of any significant quantity is difficult to transport, whereas a billion worth of Bitcoin can be moved anywhere for a few dollars in fees in less than an hour and can be kept in your pocket on a ledger. The same amount of gold would weight 1,600 kilos and require a plane.

Bitcoin is easy to verify. Thanks to the public nature of the blockchain you can easily and personally verify your BTC and any transaction. Gold requires special machines to authenticate.

Another mega important aspect is that Bitcoin has a verifiable and fixed max supply. For gold there is no way to audit all the existing mined gold on earth, let alone the unfound gold on earth, and the total amount of gold in the universe.... which will be a lot.

Bitcoin can be divided into 100 million individual units with ease. That is 1.00000000. Gold in theory can be divided into tiny fractions, but unless you are carrying a bag of gold dust this is hard to do. Standard units of gold are the ounce, which cannot be easily divided.

Bitcoin is censorship resistant. You can send it to anyone, anywhere, at any time. Gold is highly censorable considering the difficulties in moving it from point A to B.

Bitcoin is increasing in adoption at an exponential rate. Merchants world wide accept BTC, and more are joining all the time. Gold is primarily a tool for investors, central banks, and industry. Paying for things in gold is almost non-existant.

In order to hold your own gold you will need to pay high premiums over spot price to get physical gold. Whereas Bitcoin markets are highly efficient for acquiring the asset at spot price and taking delivery.

Gold does have the bonus of being able to hold it in your hand though which is pretty cool. Also in an end of the world situation the internet is unlikely to work so no more BTC, thankfully shiny yellow metal will still be around! I do own some gold BTW!

Imagine being able to buy gold before it became worth a 10 trillion dollar market cap. That is Bitcoin now.