Post
Topic
Board Economics
Re: Bitcoin has gone beyond gold prices
by
peter0425
on 02/11/2017, 13:32:56 UTC
Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?

Still, we are comparing the values of two giants which belong to completely different areas.
Bitcoin is a digital token (not a currency in my views) that helps to securely, safely and speedily transact our money from one end to the other without the interference of any third party (except blockchain) and that's why it is being appreciated by everyone whereas Gold, that used to be the most traditional investment of all time will still remain in the game always because it is physically available and under specific concerns, remains the first choice of every investor yet. But I believe Bitcoin won't be taking several hundreds of years to surpass Gold's total market cap.

Yes, we can't really compare the two. Both have similarities though, but we all know that the other is very much different. And I believed that both of them have its places in terms of investment. If you are old school then I think you are more of a gold person, however, bitcoin is the new wave of investment and store of value. Although who will hear a lot that some gold enthusiast are moving to bitcoin now because of this advantage.

So I guess its really up to the individual on which is better for him, the old reliable-Gold or the new technology - Bitcoin.