NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

Gold’s a Great Store of Value – If You Never Need to Flee a Country

Rick Delafont
Rick Delafont
4 years ago
3 mins read
gold arrest bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Historically speaking, gold is the most enduring store of value asset the world has ever known. However, there’s a new kid on the block in the form of Bitcoin. 

Whilst gold served its purpose in the days when taking a trip outside of the borders of one’s home country was a serious undertaking, the modern world is starting to make the precious metal look dated. In an age where technology allows people and information to travel much more readily than ever before, shouldn’t value be as easy to move too?

Brazilian Man Arrested for Travelling with Gold

Gold’s shortcomings have once again been exposed today. According to a report in Dutch publication AT5, authorities arrested a Brazilian man carrying around 15 Kg of gold, worth almost $800,000, in his luggage. 

The man reportedly struggled to explain why he was carrying such a large quantity of gold. He was, therefore, detained. 

In addition to the gold, authorities confiscated around US$750 and his mobile phone. Investigating the case are Dutch Customs and the Fiscal Information and Investigation Service. 

https://twitter.com/BitcoinMunger/status/1235975723241877505

Whilst NewsBTC isn’t making the case that the officials either should or shouldn’t have seized the gold, the example clearly shows that Bitcoin possesses qualities that gold does not. 

Bitcoin: A Scarce Asset for the 21st Century and Beyond

It wasn’t by chance that gold rose to the top of monetary technologies many centuries ago. Being almost impossible to reproduce and difficult to mine, the precious metal represents a sounder form of money than any competing monetary technology of the pre-Bitcoin era. 

Gold served the planet well as a store of value. Although not entirely free from price manipulation, no single entity can suddenly decide to inflate its supply. This made it a great form of money – previously, the best. 

However, the world is a very different place to what it was when gold was rising to prominence. With most people living their entire lives within a very short radius of where they were born, gold didn’t really need to be a great traveller. 

These days goods, people, and even data can travel the world much more readily than ever before. Before Bitcoin, monetary technology had not really advanced to suit this new, smaller planet. 

However, since Satoshi Nakamoto launched the first viable digital asset more than a decade ago, Bitcoin has been slowly but surely turning definitions of what money is and what it can be on their heads. It demonstrates that assets do not need a physical form for a market to value them.

Lacking a physical form also makes Bitcoin the most revolutionary advance in monetary technology potentially ever. As the above tweet highlights, had the Brazilian man favoured Bitcoin as his store of value over gold, perhaps he would have avoided his current situation. 

 

Related Reading: XRP is About to See a Breakout Rally as Bulls Test Key Resistance

Featured Image from Shutterstock.
Tweet123Share217ShareSend
Rick Delafont
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin Funding Dynamics Shift As Binance Premium Signals Aggressive Longs

As Bitcoin (BTC) continues to remain range-bound between $110,000 – $115,000, data from crypto exchanges seems divided toward the leading...

Ash Tiwari 3 hours ago
hyperliquid-hits-record-59-hylq-brings-success-model-crypto-stocks-tw

Hyperliquid飆至歷史新高59美元 HYLQ移植成功概念入加密股票

2025年9月18日,Hyperliquid(HYPE)悄然觸及59美元的歷史高位。這個數字不只是K線上的一筆延伸,更是一段關於新型山寨幣敘事如何滲入主流注意力場域的縮影。市值超越Chainlink,...

Peter Chow 3 hours ago
Bitcoin news

The ‘Once A Decade’ Bitcoin Moment No One Sees Coming

A closely watched crypto commentator known as plur daddy (@plur_daddy) has resurfaced with a macro thesis that places Bitcoin and...

Jake Simmons 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Crypto

All-Time Highs For Gold, S&P500; Crypto Stands Alone In The Red – What’s The Root Cause?

Ronaldo Marquez 22 minutes ago
Bitcoin

Bitcoin HODLers Booked $120 Million In Profits During Price Crash: Data

Keshav Verma 1 hour ago
stellar xlm xlmusd

Stellar (XLM) Shows Signs of Strength: Analysts See $0.5 Target in Play

James Halver 2 hours ago

Premium Sponsors

Press Releases

  • Aster na Binance vystrelil o 1800 % za týždeň napriek krachu trhu: Bude ďalším Bitcoin Hyper?

    Aster na Binance vystrelil o 1800 % za týždeň napriek...

    9 hours ago
  • Kryptomenové pokladničné zásoby sa prepadli, keď sa obchodníci presúvajú k bezpečnejším krypto predpredajom ako PEPENODE

    Kryptomenové pokladničné zásoby sa prepadli, keď sa...

    9 hours ago
  • Aster z Binance rośnie o 1800% w tydzień pomimo spadku na rynku: Czy Bitcoin Hyper będzie następny?

    Aster z Binance rośnie o 1800% w tydzień pomimo spadku na...

    12 hours ago
  • A kincstári kriptovaluta-részvények hanyatlása, miközben a kereskedők biztonságosabb kriptovaluta előértékesítések felé fordulnak, mint például a PEPENODE

    A kincstári kriptovaluta-részvények hanyatlása...

    12 hours ago
  • Aster z Binance rośnie o 1800% w tydzień pomimo spadku na rynku: Czy Bitcoin Hyper będzie następny?

    Aster z Binance rośnie o 1800% w tydzień pomimo spadku na...

    12 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.