Coinbase: Bitcoin is Better than Gold

Coinbase's analytical report emphasizes that bitcoin has a significant advantage over gold.

AlongAnalysts say the coronavirus pandemic has proven that Bitcoin is a more reliable and secure asset than gold:

 

Bitcoin does not need fragile physical supply chains and is really available all over the world.

Coinbase emphasizes that the current fluctuations in the price of gold are a consequence of disruptions in the supply systems of the precious metal, and are associated with a shortage of gold bars in various markets.At the same time, the pandemic and the crisis did not affect bitcoin mining at all.Last week alone, 4 blocks were mined in 46 seconds.

The report noted:

 

Bitcoin Global Mining Ecosystemshowed its stability during the crisis. It does not require physical support of the supply chain, making the asset easily and quickly moving around the world.

Recall that recently, Bank of America analysts predicted that in 2021 an ounce of gold would cost $ 3,000, which is 50% higher than the nine-year record of $ 1921.