Gold's high malleability, ductility, resistance to corrosion and most other chemical reactions, and conductivity of electricity have led to its continued use in corrosion resistant electrical connectors in all types of computerized devices (its chief industrial use). Gold is also used in infrared shielding, colored-glass production, gold leafing, and tooth restoration. Certain gold salts are still used as anti-inflammatories in medicine.
(Source:https://en.wikipedia.org/wiki/Gold)
So you think Bitcoin can replace above uses ? ( You question was: "Is gold being replaced by Bitcoin?")
- Can you make Jewelry out of bitcoin ?
Bitcoin Vs Gold (Analog Vs Digital)
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Last
28.0¢ |
Change
0.005(1.82%) |
Mkt cap ! $229.0M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.5¢ | 27.0¢ | $1.548M | 5.613M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 302396 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 66404 | 5 |
View Market Depth
| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
27.8¢ |
Change
0.005 ( 0.95 %) |
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| Open | High | Low | Volume | ||
| 27.5¢ | 28.5¢ | 27.0¢ | 2793929 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
| SBM (ASX) Chart |