Crypto FAQ: Why is Bitcoin "digital gold"?
Bitcoin is often referred to as “digital gold” by its advocates, who maintain that bitcoin can provide a stable store-of-value, similar to gold, whose value is uncorrelated with more volatile financial assets, such as stocks. Bitcoin maximalists also see the cryptocurrency as a “safe haven” asset that can serve as a hedge against global economic uncertainty and inflation, which reduce the purchasing power of sovereign currencies (e.g., USD, EUR, GBP).
For a more comprehensive explanation see the FAQ: What is cryptoeconomics and how does it work? on fhe CryptoEconWorks.com web.
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