Bitcoin "The New Gold" ? Not Unless $1 Billion in Gold Was Stolen in the last 4 Years..and Nobody Really Knows How Secure the Vaults Are.

Among the very hypes surrounding bitcoin has been the phrase the "new gold". If the security in gold vaults were as poor as the security surrounding bitcoin the worlds gold vaults would be undergoing massive reinforcement.

The largest gold theft in history was $500,000,000 in 1990, the largest since then $123,000,000 in 2013.. A full list of major gold heists can be found here.

Since its recent inception there have been several major thefts of bitcoin

As the WSJ reports on a major exchange in Japan

On Friday, Coincheck said it lost some $530 million worth of customers’ assets in a cryptocurrency called NEM after getting hacked, in what could turn out to be the biggest heist in cryptocurrency history.

Other major hacks

In February 2014 there was a hack of  $450 million in bitcoin

other large hacks

$70 million in December 2017

$50 million in June 2016

$66 million in August 2016

That puts the total stolen (not including some minor hacks) at $1.17 Billion

Not exactly the same reliable store of value as gold.