However, amongst all precious metals, gold is neither the most common nor the rarest. He opined that over the centuries, the middle ground that gold held ended up working to its advantage; it is common enough to be a currency that can be used all over the world, but also not so common that mining can easily disrupt its price.
With these advantages, gold has been able to outlive its competitors, and as such, it ended up gaining worldwide credibility about Gurevich believed that while Ether is battling to be digital copper, Bitcoin is well on its way to becoming digital gold. This will mean that while the value of Ether will be driven but the demand for tech, that of Bitcoin will be driven by the sole need for it to be a store of liquidity value
On why Bitcoin is specifically the frontrunner in the race to gaining this title, he explained that the advantage of incumbency has favored the currency, and that just like gold did to other precious metals (which might or might not have had better aesthetic advantages, ubiquity, and rarity than it did), Bitcoin is in the process of outlasting its competition.
Main source from- https://www.ccn.com/every-day-bitcoin-doesnt-die-its-closer-to-becoming-digital-gold-ex-jpmorgan-exec/amp/
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