Digitalization is making our lives easier, removing burdens from our day-to-day routines. It allows us to communicate on the move, at any time and anywhere in the world. It delivers tremendous advances in every area of life. Yet, despite this, few could have imagined how digitization would revolutionize our monetary system.
Being the first purely digital money, Bitcoin is at the same time a means of payment and a store of value. That is why it is compared to gold. However, it always needs to be considered that Bitcoin is still in its infancy. But with specific regard to the early course of the gold price, there are amazing parallels to the Bitcoin price.