Is bitcoin (BTC) better than gold?

An active advocate of cryptocurrencies for several years, the CEO of the FTX exchange has, once again, stated what he thinks of digital assets. During a recent interview, he said that bitcoin (BTC) is more valuable than gold. According to him, the king of cryptocurrencies offers “much cleaner and easier access, with a complete and verifiable transaction history”.

The reasons for the superiority of cryptocurrencies

Billionaire and cryptocurrency holder Sam Bankman-Fried, CEO of FTX, revealed on a podcast why he thinks cryptocurrencies in general are much more valuable than gold. After highlighting the fact that bitcoin (BTC) is more readily available than goldhe presented the ease of transactions as another advantage.

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

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

Finally, according to the professional, blockchain technology has the particularity of being transparent, clear and 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 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, it should not be forgotten that the blockchain can also be vulnerable, especially to hacker attacks.

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