Bitcoin is referred to as the digital gold and after the incredible performance the digital asset has put on over the last couple of years, there is no doubt that this title was rightfully given. Now, though, the asset has moved on from competing against other digital assets to competing with gold. The latter has not done too well in the last couple of years, crushing confidence in its future.
This is how bitcoin has managed to float into the radar of small and large investors alike. The digital asset, returning over 200% gains per year, has proven to not only be a better investment in terms of gains but in terms of hedging against inflation.