Why Bitcoin is replacing gold

Gold has been humanity's trusted store of value for 5,000 years. But is Bitcoin becoming something better? In this episode of The Daily Wolf, Scott Melker compares gold and Bitcoin across the characteristics that define a store of value, including scarcity, durability, portability, verifiability and censorship resistance. He explains why gold earned its place in financial history, how Bitcoin was designed to solve many of gold's modern limitations, and why the shift from gold to Bitcoin may already be underway. Timestamps 00:00 Gold vs. Bitcoin 00:45 Why gold won for 5,000 years 01:54 The six qualities of sound money 04:27 Gold's biggest weakness 05:35 Can anyone verify Fort Knox? 06:55 Gold confiscation explained 08:26 The end of the gold standard 09:18 Why Bitcoin is different 10:01 Scarcity and supply 11:10 Verifiability and portability 11:53 Why Bitcoin can't be confiscated the same way 12:57 The $30 trillion opportunity 13:36 What happened to silver? 14:12 Why Bitcoin may replace gold #bitcoin #gold #crypto #investing #storeofvalue #thedailywolf #scottmelker #yahoofinance == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571

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