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Is Bitcoin really on track to become the “new gold” in the UAE and globally?

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Asked 7 months, 4 weeks ago
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Day of Dubai
Experts at the Bitcoin MENA Summit argued that Bitcoin’s fast, low-cost, borderless transfers and fixed supply give it superior “money-like” qualities compared to gold, with Saifedean Ammous and Rahim Taghizadegan highlighting that gold failed mainly due to transport costs and government control, while Bitcoin reduces reliance on banks and states; however, they cautioned that Bitcoin still cannot handle global-scale daily transactions without second-layer systems that may reintroduce centralisation risks. What’s your view — can Bitcoin truly replace gold or traditional money, or will it remain mainly a digital store of value?
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