American economist Saifedean Ammous argues that Bitcoin is superior to gold due to its fixed supply, digital nature, and lack of government control. He believes that Bitcoin is a revolutionary form of money, with its fixed supply and decentralized nature making it more reliable than gold. Ammous points out that gold's supply increases annually, while Bitcoin's supply growth rate is much lower. The fixed supply of Bitcoin, along with its digital nature, makes it a stronger store of value compared to gold or government-issued currencies. Ammous also highlights Bitcoin's ability to prevent inflation, as its fixed supply prevents the printing of more money. He emphasizes that Bitcoin offers a solution to the debt and inflation issues in today's financial systems, as it does not require borrowing or printing. Ammous concludes that Bitcoin's technological advantages and fixed supply make it the ideal money for the modern age.
- Content Editor ( cryptopolitan.com )
- 2024-12-15
Why is Bitcoin superior to gold in every way? Saifedean Ammous explains