MEDIUM: The Real “Digital Gold” is Here — and It’s Not Bitcoin
As Bitcoin’s rising valuation captured worldwide attention over the last few years, many have started referring to the cryptocurrency as “digital gold.”
Bitcoins are “mined” by racks of high-powered computers, and some early investors struck it rich within the crypto universe. It all conjures images of a 21st-century gold rush. Bitcoin advocates also use the image of a gold token to reinforce the perception that it is digital gold.