Gold has been used as money for thousands of years because it is incredibly scarce, easily divisible and lasts for thousands of years. Firstly, bitcoin offers all of these features. Bitcoin is more scarce than gold with a fixed supply of 21 million bitcoins, every bitcoin is divisible into 100 million satoshis, and it can last forever.
Secondly, bitcoin has the advantage of being digital. It can be sent anywhere in the world at the click of a button and doesn't require massive vaults to store it. As Satoshi Nakamoto, the pseudonymous creator of bitcoin, wrote, “Imagine there was a base metal as scarce as gold but with... one special, magical property: it can be transported over a communications channel.”
Whether we have a bitcoin currency that dominates global trade or a digital gold asset that’s considered pristine capital to hold, many are certain that it will become an important part of everyone's financial future.