The Verdict: Gold Versus BitcoinFor bitcoin to be considered “digital gold,” it should have the same attributes as gold, with the obvious exception of tangibility. Medium of exchange: Both gold and bitcoin are mediums of exchange, because we can trade them for goods and services. Usually store of value refers to an asset you rush to during economic turmoil because it has intrinsic value. Many bitcoin skeptics also argue that it has zero intrinsic value since it’s intangible. For now, gold stays gold as a hedge against financial uncertainty, and bitcoin stays bitcoin as a speculative investment.

Source: Forbes May 11, 2020 11:37 UTC