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Tyler Winklevoss Highlights Argument That Bitcoin Is A Better Safe Haven Asset Than Gold
Summary: One half of the Gemini exchange twins — Tyler Winklevoss — once again compared Bitcoin to gold in a tweet on Monday, September 21. "Bitcoin is better at being gold than gold — and not just incrementally, but by an order of magnitude or 10X better." he wrote. Along with the message Winklevoss attached a chart comparing ...
One half of the Gemini exchange twins — Tyler Winklevoss — once again compared Bitcoin to gold in a tweet on Monday, September 21.
"Bitcoin is better at being gold than gold — and not just incrementally, but by an order of magnitude or 10X better." he wrote.
Along with the message Winklevoss attached a chart comparing the two assets across categories including scarcity, durability, portability, divisibility, storage, counterfeit difficulty and adoption.
The only category gold beat out Bitcoin in was adoption. Gold has a market capitalization of $9 trillion compared to Bitcoin's $200 billion.
Gold has long been established as an inflation-resistant store of value and Bitcoin has become increasingly popular as a similar safe haven asset rather than a payments method.
By Emily Mason
Tags: Bitcoin,BTC,Gemini Exchange,Gold,Tyler Winklevoss,Winklevoss Brothers
Link: Tyler Winklevoss Highlights Argument That Bitcoin Is A Better Safe Haven Asset Than Gold [Copy]
