Gold has been adored by humans since ancient times. Countless lives have been lost fighting over such treasure. Empires, governments and banks love the precious metal and keep thousands of tons of them with utmost security.
Ethereum, on the other hand, was created by a person just 12 years ago. You can't actually feel or touch it because it's purely virtual. But its potential is far greater than gold itself. Because of supply and demand, as well as certainty.
There's still plenty of undiscovered deposits of gold worth millions. When they are discovered and mined, there's more gold to go around for everyone, although we don't know how much gold there's left. But for Ethereum, we know its supply will shrink over time and the amount is completely certain. We know exactly how much there is and how much there will be.
It's also a lot easier to own Ethereum than to own actual gold. There's so many transactional costs involved. That's why even though gold is physical and has been gaining pretty well throughout the years, it just can't beat something better.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.