Now that you've seen why compared to gold, fiat currencies aren't real money; it's time to turn our attention to cryptocurrencies as a solid alternative, why they are much closer to gold than money as we know it today is, and why they'd work better than fiat currencies.
Low Risk of Disruption
According to David John Grundy, the global blockchain head of one of the world's biggest banks, Danske Bank, the only way anyone can stop or shut blockchains down is by shutting down the Internet itself. And by now, I believe you know that is practically impossible. It's like saying somebody can keep the sun from shining or the wind from blowing.
Portability
Unlike fiat currencies, cryptocurrencies can be easily transferred from one account to another using online gadgets such as computers, tablets or even smartphones. With fiat currencies, you'll need to do so physically or through the same bank. Plus, you don't have to bring them with you physically because they're stored in the Internet. So you can go anywhere with a good Internet connection and bring your cryptocurrencies with you regardless of the amount!
Better Value Storage
You can only consider an asset as a good value storage if it's able to keep relatively unchanged levels of utility or satisfaction over time. Applying this to financial assets, it means having the ability to maintain purchasing power over time. A financial asset's ability to keep value can be estimated through what is called as fundamental analysis, which takes into consideration both the quantitative and qualitative aspects of such an asset. The ability to keep or store value has become the primary foundation for investing or HODLing cryptocurrencies like Bitcoin, Ethereum, and others. But can cryptocurrencies be really relied on to store value and if they are, can they do it well?
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