Currently Bitcoin is too valuable. Bitcoin can be compared to gold because of it value.most times people normally call it gold digital,
but we need to actually know the relationship between this too phrase and why it's compared.
Now the reasons why Bitcoin is compared to gold is as follows
Gold is very difficult to find because of it value, the product gold, can't never controlled by any government or country, because of it's independence, both Bitcoin and gold appeals to people who distrust way out of financial method.
From creation, Gold is wealth, which is very valuable and have trust on, that is what makes it acceptable.
From 2009 when Bitcoin was launched, it's still as new as it was launched today, because of it value to the society. Although the Price is volatile, but is preferable. that's why it' only exists disitally, this made people to trust and partner without fear, transactions can be made in an twinkle of an eye, to any place around the world. Gold as well is generally accepted globally.
Gold has weight, and it's high to export, now Bitcoin is trying to stand what's gold can afford, this both phrase has a high value of standard, one thing you need to also know is that gold is gotten from mining, and Bitcoin is created in a digital system.
Bitcoin is money
Money emerges on the free market. The market chooses as money the things that are best suited for storing and transferring value.These characteristics are called monetary properties.These characteristics are called monetary properties. They are important because they determine whether something can function well as money over time. The main monetary properties are scarcity, durability, divisibility, portability, recognizability, and fungibility. These qualities matter because good money must be hard to inflate, easy to store, simple to transfer, easy to verify, and reliable in trade.For a better understanding of what money is and how it emerges, it is worth reading On the Origins of Money by the Austrian economist Carl Menger, The Bitcoin Standard by Saifedean Ammous, and Broken Money by Lyn Alden.