Porovnání poptávky a nabídky zlata a Bitcoinu: Je Bitcoin na cestě stát se digitálním zlatem naší doby?

The goal of this study is to find out whether Bitcoin is on the way to become the digital gold of our age and what are the risks associated with that path. To achieve my goal, initially, I have compared the ability to influence monetary base of Bitcoin and gold. Consequently, I have compared the price evolution of those assets to the S&P 500 stock market index to conclude whether Bitcoin is currently used as a safe-haven, hedge or a diversifier. Following, I have conducted a case study of Venezuela, which should find out how was Bitcoin used as a safe-haven in the environment of hyperinflation caused by excessive monetary stimulus and if the government was able to influence some of his functions through regulations. The combination of my findings has allowed me to find out what are the main risks that Bitcoin network faces while bearing in mind the most probable economic development in the near future. Through my analysis, I have concluded that Bitcoin is a diversifier, which will have hard times surviving if stock market is at its beginning of a bearish trend and if governments begin regulating its mining. On the other hand, if the stock market remains stable or continues in its bull market, Bitcoin will have a chance to survive until the era of inflation caused by the devaluation of natonal currencies begins, which could make him the digital gold of our age.