Coinbase Says Bitcoin Has Six Advantages Over Gold
Crypto Giant Coinbase Says Bitcoin (BTC) Has Six Advantages Over This $7 Trillion Asset
According to a recent blog post, Coinbase argues that the cryptocurrency offers six advantages over the traditional asset.
- The ability to trace transactions on the ledger
- Low fees for cross-border transfers
- Peer-to-peer pseudonymous transactions protecting privacy
Gold’s historic ability to store value is due to its scarcity, which Bitcoin can replicate through its hard cap of only 21 million units. So far, 18 million already exist.