Gold is a good store of value but it doesn’t make for a good money due to its inefficiencies as a medium of exchange. Global trade cannot occur with physical gold.

If a business in US needs to pay a business in Japan, are they to send them physical gold? That’s costly.

The solution was to create paper currency that was backed by gold. We all know how that turned out. Elites exploited the peg and we’re left with the broken system we have today.

Bitcoin fixes this. It’s as good as gold in maintaining its purchasing power if you have a 4 year time horizon, and it’s a superior form of money for reasons I’ve already mentioned. Instant, secure, peer to peer, no trusted third parties, payments.

Bitcoin = digital gold