The bitcoin vs gold debate has raged on in investment circles since bitcoin has entered mainstream discussion among increasingly interested investors. Gold has been used as a form of currency and trade for thousands of years, and certainly has a track record for reliability and preservation of wealth. However, as the newcomer onto the scene, bitcoin may be the kind of financial and technological breakthrough to to challenge gold as the monetary kingpin.
Early on in its life cycle, seasoned investors began questioning the legitimacy of bitcoin value and debating how such a commodity could hold intrinsic value. What differentiates bitcoin from a mere collectible and what makes it similar to precious metal assets such as gold or silver? Among many circles, especially gold bugs and older-generation investors, bitcoin was not considered a valid investment up until very recently.
Which factors of bitcoin instill this validity of investment?
Watch VideoBitcoins i can consider it money because it has a value just like gold they are not used as a monetary unit his time but it has a value. But you cannot compare them because they are very different from each other. Bitcoins are artificially and man made whole gold are nature wonders that man cannot replicate. The gold are physically while bitcoins are virtual but they are both good as an investment but i go for gold if it is for a very long time. Because bitcoins are just on hype but gold if it is lacked im the future the value will be expensive because we can be run out of gold.