It really does seem like people are treating BTC like digital gold.
And for every other alternate coin (altcoin) like Eth, Sol, Xrp .etc, they are treating it like currency.
What is the difference between gold and money?
You buy gold and keep it as an asset for long term and everyone has high trust its value.
You believe in its intrinsic value.
You and everyone else believes that the value of gold will not suddenly just go to zero tomorrow.
But you can’t just lug huge gold bars around and pay one another.
So we invented paper money.
Money on the other hand, you use it daily to buy and obtain stuff.
“Paper money is actually a government promise — a promise to pay the face value of notes and coins.”
Governments used to do that.
They use to print only money equivalent of what they had in storage or safekeeping.
Not anymore.
Now, they just print whenever they need to.
Perhaps that is why more and more people are turning towards digital gold instead.
Numbers don’t lie.
BTC is king.
Just look at its market cap and price per coin.
Has been for the past 10+ years and probably will be in the next 10+ years.
I do have a question about XRP.
What makes it special?
Why is its market cap so high and what is its real function?
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