Bitcoin Surpasses Gold in Popularity
For millennia, humanity has used gold as a medium of exchange and store of value. People have used the precious metal as a long-term investment and as a hedge against market volatility throughout history. And, because of its lustrous sheen, gold is used as decoration, particularly in jewelry.
However, gold may now be losing its luster thanks to the advent of Bitcoin. Simply put, Bitcoin is presently more popular than gold. In fact, many believe in Bitcoin’s superiority over the precious metal. For example, the co-founder of Apple, Steve Wozniak, explicitly stated:
Bitcoin is better than gold.
Wozniak’s sentiment seems to be shared by a growing number of investors, as reflected by their interest in the cryptocurrency.
According to The Telegraph:
Online searches for information on buying Bitcoin now far outstrip equivalent searches about investing in gold – even at the peak of the banking crisis, when investors feared a full-blown collapse of the world’s financial and banking systems.