Bitcoin is digital gold

If the United States continues expanding its currency supply, the world may eventually question whether the dollar should remain the unit used to measure resources. Today major currency pairs, oil, gold, and other commodities are priced in dollars. In that scenario, the market would need a currency capable of performing the dollar's role if trust in it weakens.

Because of geopolitical risks, leading global players may want to change the rules. That would raise the question of a hard settlement currency that is not exposed to inflation risk. Gold has served this function for thousands of years, but it is difficult to move in large volumes between states. Gold also needs another measure of value that is not exposed to inflation risk.

Bitcoin can now perform this function because its issuance is limited. Gold is difficult to move in large volumes, while Bitcoin is far easier to transfer. In this scenario, the need appears to compare the value of both assets directly.