Which is better between Bitcoin, popularly regarded as digital Gold and physical
Gold has been an asset that holds value over long periods and is used to hedge against market downturns. Also, since Bitcoin came into limelight, it has been used by cryptocurrency speculators as a store value and hedge against inflation and recessions. Many users would traditionally hold or desire to have a portion of their portfolio in precious metals like gold.
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Some users believed that investment in Gold is a better than Bitcoin/Crypto due to its steady price against correction, regulatory guarantee, cross-functional utilities and rarity. Physical Gold is more classic and soon to be obsolete due to the rapidly changing world. Bitcoin on another hand is just starting.
Physical Gold in comparison to bitcoin is more stable at the moment the major issue with bitcoin is volatility.
I once saw an article which stated that "Gold has thousands of years of established history as a resolute store of value,” says Fergus Hodgson, director of Econ Americas, roving editor of Gold Newsletter. “Over an extended period, it is about the safest inflation hedge you can get.”
For others, Bitcoin or digital gold is a superior investment alternative due to lack of regulatory restrictions, high gain possibility, convenience to store, keep, carry and do business as compared compared to gold.
Gold do not have much scalability for Growth.. the average value of Gold does not have the potential of Multiplying, like BTC.
The reason why i chose Bitcoin was they, so far, it has registered 100x improvement over gold as a store of value. The world is realizing this and beginning to reprice digital currency in real-time. Unlike
Why i chose Bitcoin:
This is because, Bitcoin is a blockchain-based cryptocurrency that shares some properties with gold. In fact, many have called bitcoin “digital gold” in the past due to its weak relationship with all other assets—stocks especially.
Unlike like Gold , there is a limited amount of Bitcoin.But with Gold, it can be dug up from the ground or found in deep down under the sea.
Something with Bitcoin is that Although Bitcoin has jumped multi-fold in the last few months, it is likely to continue appreciating in US dollar terms over the coming years.
And when we take a good look at Gold , it has its own advantage too because, when we are Talking about volatility, Bitcoin is much more volatile as compared with Gold . The Gold has a long history of being less volatile than crypto. Most importantly,Gold is the ultimate currency of central banks. Which is an additional advantage to BTC.
Do you think that Crypto and Bitcoin is a better investment than Gold or will you prefer to invest in gold than in crypto?
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Is Gold a better store of value than Bitcoin? If you are given an opportunity to choose between $10,000 worth of Bitcoin and $10,000 worth of Gold, which will you go for and which of them do you think will present better value accrual if left for 10 years?
Thanks for reading!
