gold has its own advantages, too. It can be used as an outright gift, to make jewelry, and in manufacturing of certain products. Gold has a 5,000-year history as a long-term store of wealth. Bitcoin doesn't even have a hundred-year track record. Bitcoin is a convenient medium of payments around the globe, though for a limited number of transactions. There’s scarcity. Bitcoin supply is expected to be limited to 21 million. The supply of gold, on the other hand, is expected to increase anytime its price rises, as it provides an incentive for gold miners to mine for gold.
That’s why investors shouldn’t rush to substitute the yellow metal for the digital currency in their portfolio.