If gold is such a great store of value then why is it that the USA is the most in debt out of any of these countries listed in the picture below? To be a little more precise, over 21 trillion dollars in debt and growing. When was the last time anybody actually used gold to buy anything? Not for a very long time. With the increasing algorithm difficulty involved in mining Bitcoins and it's limited supply, Bitcoin may just be what the world needs right now in terms of finding a new medium to hold people's ever-increasing wealth. With any new technology or system, some hiccups can be found along the way that can come in the form of market crashes, but, you tell me a single market that has been alive for longer than 20 years and has not suffered from a crash.
A simple look at the price of gold over the last 10 years will definitely make you think twice before you start buying this so called 'store of value'.
(Gold Price chart in USD)
On top of this you have the now infamous gold manipulation scheme. It is no new news that the supply of this precious metal amongst many others was and still is to this very day artificially limited. Bitcoin's supply cannot be artificially limited. It is pure and all information is available on public ledger for anyone to see. Foul play can be snuffed out very fast and there are new systems being developed daily to help Bitcoin achieve this to an even higher standard. I will even go as far to say that the aristocracy back in the day bought gold themselves, and then conducted what we call in the crypto scene as a massive pump and dump scheme where they chose gold to be a store of value, announcing it as if they were gods themselves, therefore naturally pushing up prices due to them artificially limiting supply along with demand now sky rocketing due to their mass propaganda. Gold or any other commodity is no more than a pump and dump scheme in itself. Silver is no different. Have a look at the chart below and you tell me what it looks like. A massive pump and dump scheme. If you bought gold or silver back in 2011, you would have lost approximately 50% of your money already by now. Doesn't sound like such a great store of value anymore does it?
(Silver price chart in USD)
Gold has served it's purpose, but now is the time for a new beginning, a new era in which cryptocurrency can thrive and be used to better serve our day to day lives as we know it.