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
  • Portability
  • Divisibility
  • Scarcity

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.

Full article here: https://dailyhodl.com/2020/02/12/crypto-giant-coinbase-says-bitcoin-btc-has-six-advantages-over-this-7-trillion-asset/

Expert Asked on February 13, 2020 in Bitcoin.
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