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Bitcoin: Gold’s Rival? No, Its Upgrade.

🥇 Learn about Bitcoin's advantages in portability, accessibility, liquidity, and growth potential.

Author

Hector Alvero
October 15, 2024

Welcome to the Rhino Roundup, your weekly dose of industry news, platform updates, educational content, and fun memes in the world of Bitcoin.

Rhino Feature Spotlight 📢

Percentage-Based Bitcoin Purchases with Rhino

You specify a percentage change in Bitcoin’s price (e.g., +10%, -15%) to trigger a purchase. By default, this is a one-time transaction, but you can set up to 5 such purchases simultaneously for more flexibility.

Never let a golden opportunity on a dip or a rip go to waste!

Featured Article

In the debate over the best asset to safeguard wealth, Bitcoin and gold often dominate as “store of value” options. With growing concerns over fiat currency debasement, Bitcoin has increasingly emerged as the smarter choice, outperforming gold in long-term potential.

Why Owning Bitcoin Is Smarter Than Owning Gold

Bitcoin often earns the title of “digital gold,” but it outperforms physical gold in several ways:

1. Scarcity: Bitcoin’s supply is fixed at 21 million coins, ensuring its scarcity, while gold’s supply could grow, even from asteroid mining. Bitcoin’s halving events further limit its inflation.

2. Portability: Bitcoin can be transferred globally at low cost, while gold is bulky and costly to move, requiring secure storage.

3. Liquidity: Bitcoin trades 24/7 with high liquidity, unlike gold, which is limited by market hours and intermediaries.

4. Growth Potential: Bitcoin’s value has surged over the last decade, with more room to grow, while gold’s growth remains limited.

5. Technological Integration: Bitcoin is built for the digital economy, supporting fast, low-cost transactions through technologies like the Lightning Network, unlike static, outdated gold.

Want to explore in greater depth why Bitcoin outshines gold? Read the full post here to find out more.

Meet the Team

With multiple hurricanes hitting the Southeastern U.S. in recent weeks, disaster preparedness is top of mind for many.

Our COO, Hector Alvero, joined Tracy Elliot for a discussion on staying prepared for natural disasters, economic disruptions, and local or regional crises.

Listen to the full X Space here.

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