Question

Many people will say that Bitcoin is just like using gold or even paper money as a store of value. Why is that not true?

Answer 1

Bitcoin is a form of transferring money over the internet and it is of the value as of real money. It is a form of digital/virtual currency.

Using Bitcoin as a method of exchange for purchase or sale purpose is not considered just like using gold or even paper money as a store of value as there is a lot of price fluctuation in Bitcoin.

Using Bitcoin is like a share market investment which can go high and at a time very low. The value of Bitcoin is not fixed as compared to gold or paper money.

This is one of the main reason for the false statement of :

Many people will say that Bitcoin is just like using gold or even paper money as a store of value.