Vitalik Explains Why Crypto Is Superior to Gold

As the digital assets continue to battle across the whole crypto space, Ethereum founder Vitalik Buterin said crypto is still a better bet than gold.

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Bitcoin, world's largest cryptocurrency, was last down 70.5% from its record high of $69,000 seen just over a year ago, trading at $20,374.91.

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Ethereum was last at $1,562.51, down 68% from its record high of $4,878 registered on November 10, 2021.

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In comparison, gold has been one of the few assets with relatively contained losses this year and is down around 10.6% year-to-date, last trading at $1,635.90 an ounce.

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Giving priority to crypto over gold in his recent tweet, the ETH founder said at this point, gold has less adoption than crypto, so crypto is the better bet.

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Gold is incredibly inconvenient, difficult to use and doesn't support safe storage options like multisig, he tweeted.

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This was in response to Zach Weinersmith's tweet, "why not choose gold when looking for an alternative to centralized authority for money".

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