Bitcoin is not Gold or nearing its status yet
I do not think that Crypto, in particular Bitcoin, is gold or near being gold status yet.
Reason being, it is still a "risky" asset.
When market crashes, which is imminent, there will not be a flight to Crypto as yet. In fact, there will be a significant because majority of the market would be risk averse. Evident in the current trend between Crypto and Emerging Markets.
While Bitcoin and some crypto MAY preserve their value in the long term, it is going to take a couple of market crashes for the masses to endear to these Crypto's qualities of wealth preservation.
Maybe it was meant to run a full circle. Bitcoin was introduced after the huge financial crisis in 2007. And maybe, just maybe, Bitcoin and Crypto will shine after another huge financial crisis.
What do you think?
Congratulations @damng4444! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!