Hello dear friend @teutonium
In almost 7K years of exploitation, man has extracted 77% of all gold from the earth and it still remains in the form of jewels or bullion. Gold has the advantage that it is virtually indestructible.
Bitcoin would be at risk if it suffered a cyber attack, but its code is so well designed that so far this has not happened.
Both are deflationaries.
This comparison you make is totally valid. Both have their own advantages over the other. I agree with you to put them at the same level according to the analysis of their characteristics. Good point!
All best, Piotr.
Thanks for reading crypto.piotr!
I prefer Bitcoin to gold tbh, mainly because there will only be 21Million BTC ever created, but the universe is full of gold, which means that gold isn't that scarce... at least it isn't scarce by code.
Hope you are liking your STEEM journey