Image default
Crypto Guide

Is bitcoin (BTC) better than gold?

Active defender of cryptocurrencies for several years, the CEO of the FTX exchange has, once again, affirmed what he thinks about digital assets. On the occasion of a recent interview, he said that bitcoin (BTC) has a greater value than gold. According to him, the king of cryptocurrencies offers “much cleaner and easier access, with a complete and verifiable history of transactions”.

Bitcoin; better than gold

The reasons for the superiority of cryptocurrencies

Billionaire and cryptocurrency holder, Sam Bankman-Fried, the CEO of FTX, revealed on the occasion of a podcast the reasons why he thinks that cryptocurrencies in general have a much greater value than that of gold. After highlighting the fact that bitcoin (BTC) is more easily accessible than gold, he presented the ease of transactions as another advantage.

On the Point Forward show with NBA star Andre Iguodala, Sam Bankman-Fried argued that the “blockchain is cool”. For good reason, it allows you to have access to “a complete network on which anyone can come and open an account that anyone can access”.

There is another reason why bitcoin (BTC) and other cryptocurrencies are different and better than gold. “Assets can be sent at a lower cost, completely online, just by clicking a button “, notes the CEO of FTX. He also admitted that such transactions present complete and truthful histories. According to him, the blockchain is “the perfect payment network”.

Finally, according to the professional, blockchain technology has the particularity of being transparent, clear and to give as much detail as possible about important information. In this, it offers a high level of security.

For Sam Bankman-Fried, the creator of the FTX cryptocurrency exchange, there are several reasons why cryptocurrencies and the blockchain are much more important than gold. For example, for the blockchain, he noted that this technology has the particularity of being secure, reliable and trustworthy. However, even if this presentation is true, we must not forget that the blockchain can also be vulnerable, especially to hacker attacks.

Receive a digest of the news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don’t miss anything essential Cointribune!

Réavatar action
Writing CT

Behind the generic signature “Editorial CT” are young journalists and authors with special profiles who wish to remain anonymous because they are involved in the ecosystem with certain obligations.

Related posts

Crypto: The unmissable event of the month of August?

Edward Soriano

What are drivechains?

Edward Soriano

Latin hacker school will train more than 100 young people to stop cyberattacks

Edward Soriano