Bitcoin Could Become the Digital Version of Gold

A lot of experts and financiers believe Bitcoin can be viewed as a digital version of gold. For example, Galaxy Digital CEO Michael Novogratz does not exclude that in the long run, the cryptocurrency will even be able to bypass the precious metal in terms of capitalization.

In addition, Deutsche Bank strategist Marion Laboure also believes that Bitcoin has a chance of becoming digital gold. However, at this stage in the development of the cryptocurrency market, one should also keep in mind the risks associated with BTC volatility.

For centuries, people have considered gold the safest asset, and now there is a need for a more profitable and mobile tool. It can become the largest virtual currency.

The lack of regulation and the environmental impact of mining are the main issues to be addressed in the coming years.