Tech

Is Bitcoin Going to Replace Gold in The Future: Here Is What Experts Are Saying

Published

5 years ago

June 8, 2020

For a very long time, a particular form of conversation is gaining ground in crypto circles. This conversation revolves around the nature of Bitcoin, and whether it can replace gold. In recent times, Bitcoin’s ability as a solid hedge has attracted the attention of investors, who feel that the crypto stands to become a stable hedge in the future.

In this article, we are going to look at whether this is a mere conjecture, or is there any truth to the matter. We will also look at some properties, which has made investors proclaim Bitcoin as the new ‘digital gold’. Finally, we will look at either side of opinions and see what supporters and critics are saying.

Bitcoin and Gold: Similarities

One of the first things, which we should discuss, pertains to how Bitcoin is similar to gold in some important respects.

Both Bitcoin and Gold are available on earth in finite or limited quantities. This means that they do not have unlimited supply. If you do not have limitless supply, the value of an asset is fixed as a store of value.

Both Bitcoin and Gold can be easily transferred across countries and continents. In other words, they both enjoy universal acceptability. You can exchange your gold for currency in Russia, in the same way you can in Puerto Rico. The same holds true for Bitcoins as well.

Can Bitcoin emerge as a credible ‘Store of Value’ in different countries?

One of the major arguments, which is being forwarded pertains to the development of Bitcoins in the developing world. If you are familiar with the economic situation and financial happenings in the underdeveloped world, you will realise how their currencies suffer from extreme volatility.

This means that a pound of bread could be worth 10 or 1000 within one week. As a store of value, Bitcoin could help remove this volatility and stabilise the economy in a major way. Experts point out currency losing value is not only a concern for the masses.

It is also very bad news for governments and central banks who have to exchange their currencies to buy global supplies like oil, food and medicines. Another major reason contributing to the push for Bitcoin over Gold are the Millennials and Gen Z.

The above generations are products of a digital economy. They shop, eat, travel online and expect their currency to be virtual also. This makes them the generation who is going to call all the shots in the near future. In other words, for the younger generation, it is all about crypto. Visit bitcoin up if you are interested in bitcoin trading.

Bitcoin cannot replace Gold: What are the sceptics saying?

There is no doubt that Bitcoin still has a long way when it comes to replacing gold. However, critics who believe that Bitcoin can never achieve that distinction based on concrete points.

They point out that the underdeveloped world does not have access to electricity and the internet at all times. In such a situation, it is practically impossible to have a currency system, which has at its foundation, electricity and the internet.

Another reason that they put forth is the fact that gold has different uses apart from just being a store of value. For example, gold is extensively used in jewellery making. It also finds rampant use in industries like electronics, and medical services like dentistry.

However, to counter the same, Bitcoin advocates use the Blockchain technology argument, they state that modern communications, payments and supply chains can be built using Blockchain tech.

Conclusion

Whether, Bitcoin will ever be able to replace gold is something, which only time will be able to tell us. However, going by the initial responses, Bitcoin continues to show us a promising future. We will all have to wait and see whether we are able to see this reality within our lifetimes or not.

Tech

The Importance of Cyber Hygiene: Tips from HelpRansomware Experts

Published

2 days ago

April 14, 2025

Jonathan Grilli

Byline: Katreen David

In the digital age, the adage “an ounce of prevention is worth a pound of cure” has never been more relevant.

For Juan Ricardo Palacio and Andrea Baggio of HelpRansomware, the battle against digital threats is a daily reality. Founded in response to the growing menace of ransomware, HelpRansomware has made it its mission to recover data while educating the public on the importance of cyber hygiene.

“Preventing a cyberattack before it happens is crucial. We can safeguard digital assets more effectively by nipping the threat in the bud through vigilant monitoring and proactive measures,” says Baggio.

The Growing Threat of Cybercrime

Cyber threats have become increasingly pervasive and sophisticated, impacting businesses and individuals alike. According to research, there are an estimated 2,000 cyberattacks per day globally. This equates to over 800,000 cyber crimes annually. In line with this, the worldwide cost of cybercrime is projected to reach the $23 trillion mark by 2027.

This alarming figure highlights the critical need for robust cybersecurity practices. HelpRansomware has responded to this challenge by accentuating the importance of preventive measures. “Our goal is to create a safer digital environment where cyber hygiene is as natural as brushing your teeth,” says Palacio.

Cyber Clean: Maintaining Digital Hygiene

HelpRansomware advocates for a proactive outlook on cybersecurity. It offers practical tips for maintaining good cyber hygiene, such as regularly updating software, using strong and unique passwords, developing risk management plans, and educating employees about phishing scams.

“Cyber hygiene is about taking small, consistent actions to protect your digital assets,” explains Palacio. “When we practice good cyber hygiene, the chances of cyber attacks occurring shrink significantly.”

Businesses can significantly reduce cyberattack vulnerability by integrating these practices into daily routines.

HelpRansomware’s Role in Promoting Cyber Hygiene

Beyond recovery services, HelpRansomware is dedicated to raising awareness and providing education on cybersecurity best practices. It conducts workshops and seminars to help organizations understand the importance of cyber hygiene. This unique initiative mirrors the company’s sincere efforts toward shielding the world from the dark side of the web.

“Education is the first line of defense against cyber threats,” emphasizes Baggio. “Francis Bacon’s famous quote will always ring true in every industry: ‘Knowledge is power’.”

HelpRansomware’s efforts are power moves across the board that help businesses recover from attacks. Its checkmate move, however, is its vision to build a culture of prevention that can safeguard against future threats.

In an era where cyber threats lurk around every unlikely corner of the internet, the importance of cyber hygiene cannot be overstated. Through its innovative solutions and educational initiatives, HelpRansomware is leading the pack in promoting better cybersecurity practices. “We believe that a well-informed and vigilant community can defeat cybercrime,” concludes Baggio.

HelpRansomware’s proactive stance on cyber hygiene is setting new standards in the industry. Through education and preventive practices, Andrea Baggio and Juan Ricardo Palacio are fortifying the digital community, making sure that future cyber threats are met with informed and resilient defenses. Cleanliness matters in both the tangible and digital world.