According to Foresight News, cryptocurrency analyst Willy Woo recently shared his views on the evolving role of gold and Bitcoin in the realm of ledger technology. Woo highlighted that gold's industrial applications and its abundant availability in the universe diminish its status as an immutable monetary ledger. He emphasized that true value lies in ledger technology, which gold has represented for the past 6,000 years.
Woo argued that Bitcoin now stands as the superior ledger technology, surpassing gold's historical significance. He noted that perceiving actual value as industrial value indicates a misunderstanding of currency's essence, which is fundamentally a ledger technology. Woo concluded that Bitcoin represents a perfected form of ledger technology, offering a modern alternative to gold's longstanding role.
