To really understand crypto vs gold you need to first understand what they are used for. Predominantly they are both used as money. And if you don't understand money it's tough to compare the two exactly.
Well, money has a few characteristics that make it money. You don't just magically grab something and declare “now I deem this money”. If that were the case you could do anything…like grab a bag of skittles…”under royal decree of Juliet Lima, I now declare skittles to be money”. Hahah like that is just not going to happen.
00:00 Intro
00:47 What is Money?
02:25 Durability
03:17 Portability
03:50 Fungibility
04:55 Verifiability
05:36 Divisibility
06:29 Scarcity
07:36 Outro
Disclaimer:
Although BeInCrypto aims to inform and educate readers from all over the world, it is important to remember that investing in cryptocurrency is risky. Neither this video nor its authors should be held responsible for any investment decisions, and nothing published here should be considered financial advice. We always urge our readers/viewers to do their own research and never invest more than they can afford to lose.