Durability

Durability

How Bitcoin, Gold and Fiat money compares

Gold is durable: it can survive being melted, mined, and manipulated. Fiat is fragile: it can be burned or vandalized – rendering it useless. But Bitcoin, being digital, is durable. In fact, your wallet doesn’t hold Bitcoins – it holds the keys to spend a Bitcoin. A Bitcoin is really nothing more than a balance recorded on a publically shared ledger – without the key, no one can spend them. Of course, this means you’ll need to take care never to share your keys (and back them up appropriately) – thankfully, most apps and wallets make this easy.