Bitcoin: Digital Gold!

The first time I heard about Bitcoin was in 2011. My girlfriend at the time (now my wife!) bought some at around 50$ each. She has difficulty remembering how much she paid for it as it was a pretty long time ago and Cryptocurrencies and trading didn't really exist back then. She told me about her purchase and how she believed that this was the future of money. I was not sold, I thought it wouldn't go anywhere. Boy was I wrong.I read that one of the first purchases ever made with bitcoin was a pizza for 10 000 BTC back in 2010, well that pizza is worth close to 47 million today!

Although there are plenty of Altcoins out there, some with potential to even rival Bitcoins Market Cap, I truly believe that Bitcoin will always have tremendous value. All Altcoins are weighed against Bitcoin & most coins can still only be bought with Bitcoin. When the circulating supply hits 21 million, that's all the Bitcoin there will ever be. At that point, it wouldn't surprise me if the value really starts to rise. They also have a great development team and are still working on improving the product as Blockchain technology starts to expand in every direction. There will always be craze and speculation about some coins out there, and they will come and go, but Bitcoin has been and will always be the constant.

Don't get me wrong, will someone come along and grab a huge share of the Market Cap? For sure... they already have! I even believe that at some point there will be a coin and platform that will be much more adopted by the mainstream. But Bitcoin will always have tremendous value. And my perception of Bitcoin is exactly that, it's primary function and claim to fame relies solely in it's value. No fancy smart contracts, none of this proof of stake stuff, it also unofficially (or is it officially?) abandoned it claims of anonymity. But who knows, all that might change.

The Dollar used to be weighed against gold, and eventually that stopped. Today the Dollar is exchanged in various forms, in extremely high ratios compared to gold. But Gold is still worth a lot, more than the Dollar really (although hard to compare values). And as such, I think Digital Gold will follow a similar, but not exact, path. It's limited supply will only help it grow.

In my opinion, if you want to have something to hold onto long term and not worry about trading the swings or hoping it will make it, Bitcoin is the #1 choice for long term price appreciation. But I might be wrong... like I was back in 2011.

What do you guys think?