digital gold

noun — 2 senses

digital gold

noun

1

Business, Finance A form of digital currency based on mass units of gold.

With a digital gold account, the gold is held at the bank, and the transfers of gold are completed simply by making entries in the bank's computerized record system, hence the term “digital gold.”2011, Peter W. Hauer, The Big Picture: The Past, the Present, & Your Children's Future, Author House, →ISBN, page 165:

2

Business, Cryptocurrencies, Cryptocurrency, Finance A cryptocurrency seen as a safe store of value.

Moores says part of the currency’s power is in its use as a speculative instrument for trading – a digital gold – but also as a way for companies to make payments more cheaply and perform other functions.2017 May 15, Simon Usborne, quoting Simon Moore, “Digital gold: why hackers love Bitcoin”, in The Guardian:
If bitcoin was digital gold, Ethereum was digital silver.2020, Jeff John Roberts, Kings of Crypto, Harvard Business Press, →ISBN:

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.