CleanSpark Fiscal Year End 2022 Income Statement
Bitcoin is a Superior Form of Money
0
B
Gold
B
Bitcoin
COD
Fiat Currency
NASDAQ: CLSK
Durable
х
Divisible
Fungible
>
[]
Portable
×
Verifiable
Scarce
Track Record
×
×
×
While all are
physically
durable, fiat
currency over
history has not
maintained
purchasing
power durability.
Physical gold is
only divisible into
small pieces;
Bitcoin is divisible
to eight decimals.
Gold and
bitcoin are
fungible, but fiat
currency is not
fungible with oth
er fiat (US Dollar
is not fungible
with the Canadian
Dollar).
Gold has a
high value-to-
weight ratio, but
it is still
heavy and
cumbersome
to transport
compared to
the others.
Both gold and fiat
currency have
been
counterfeited;
Gold can be
verified but only
through
cumbersome
assay.
Gold is scarce,
bitcoin is scarce
and finite; The
only constraint on
fiat currency is
willingness of
government or
central bank.
Gold has the
longest track
record of money
and maintaining
purchasing
power; Bitcoin's
history is the
shortest; Fiat
currency has a
poor track
record.
All Rights Reserved.
Source: Bitcoin First, Fidelity Digital Assets, 2022
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