Why Bitcoin Is Better Than Gold

SummaryBitcoin is often referred to as digital gold.Bitcoin possesses many of the same virtues that gold does and even improves upon them.Bitcoin is ultimately more practical, neutral, and censorship-resistant than gold.Thesis SummaryBitcoin (BTC-USD) is often referred to as digital gold. Indeed, the world's premier cryptocurrency was designed for this purpose. Bitcoin and gold (GLD) share many similarities, but there are also some key differences which, in my opinion, make Bitcoin a superior form of money to gold.Standing on the Shoulders of a GiantBitcoin was made to mimic gold because it is designed as a store of value, and over the course of human history, gold has risen as the best store of value and money available.Humans always have coveted gold around the globe, even though it has no significant "industrial" use, which makes it such a great form of money. It is readily available because humans have been storing it since the dawn of time, but it is also hard to obtain. Also, it is malleable and easily divisible.All of these factors make gold not only a good store of value but good to use in trade. Gold is relatively abundant, making it easy for a society to define its prices in gold, but it is also hard to obtain/mine, meaning it has value and, more importantly, a stable value.In an imperfect world, gold is as close as we had to perfect money.For this reason, Bitcoin was made to mimic gold, at least in two key ways. Fir...