I’ve been seeing more and more headlines asking whether is cryptocurrency replace gold,But I don’t think that cryptocurrencies will ever replace gold.
There are some reason why CRYPTOCURRENCY is not REPLACE GOLD:-
Cryptocurrency are strictly forms of currency, whereas gold has many other time-tested applications, from jewelry to dentistry to electronics.
Cryptocurrency, gold doesn’t require electricity to trade. This makes it especially useful in situations such as hurricane-ravished Puerto Rico, where 95 percent of people are reportedly still without power. Right now the island’s economy is cash-only. If you have gold jewelry or coins, they can be converted into cash—all without electricity or WiFi.
Finally, gold remains one of the most liquid assets, traded daily in well-established exchanges all around the globe. Every day, some £13.8 billion, or $18 billion, worth of physical gold are traded in London alone, according to the London Bullion Market Association (LBMA). The cryptocurrency market, although expanding rapidly, is not quite there yet.
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