CZ: Bitcoin Is Far Better Than Gold, But Its Youth Makes Adoption Take Time

BlockBeats News, January 31, Binance founder CZ stated in an AMA response:

“I believe Bitcoin is far superior to gold, but we must recognize that Bitcoin is still a nascent thing, and its adoption rate is still relatively low. Currently, the market value of gold is about ten times that of Bitcoin, which means at least ten times more people are aware of or hold gold and are more familiar with it. Therefore, gold may be more easily accepted in ten times more places in the world today—just because of familiarity.

For example, we can say that I believe artificial intelligence is a great technology that can do all the work, but that doesn't mean AI can do everything right now, right? There is a time factor here.”