How does Bitcoin function as digital gold compared to peer-to-peer cash?
Replied byBrian Armstrong
Co-founder & CEO at Coinbase
Niche: Cryptocurrency
Revenue: Approx. $ 598.3 Million /month
Location: Remote-First (San Francisco, California, United States)
Started: 2012
Bitcoin succeeded as a store of value rather than a medium of exchange. Because it is a deflationary and volatile asset, people prefer to hold it as digital gold, while stablecoins have emerged as the primary transactional currency.
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