In a recent article, I analyzed the ten most decisive monetary attributes and examined whether gold or Bitcoin has an advantage. The table below summarizes the results.

Bitcoin wins in 6 out of the 10 categories, including hardness (resistance to debasement), which I believe will be the most decisive factor.

While gold has an advantage over Bitcoin in durability, that advantage will only be relevant in the case of an inescapable, global return to the Stone Age that lasts into eternity. Such an unlikely outcome is not relevant to investment decisions today.

Gold also has a fleeting advantage in liquidity, fungibility and privacy, and recognition. However, Bitcoin is eroding those advantages every day.

If current trends continue, I believe Bitcoin will overtake gold in these categories in the years ahead.

Putting it all together, gold’s advantages over Bitcoin are either irrelevant or melting away.

The inescapable conclusion is that Bitcoin has superior fundamental characteristics that make it a better tool for sending value through time and space.

Digital gold is better than analog gold.

In short, Bitcoin is likely to win the ultimate competition and become the world’s dominant money.