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 VideoI guess it is much better and even more reliable than any other old investment. The inflating valuation of bitcoin has amused millions of people by leaving behind all its competitors. Earlier people use to invest into gold or silver but now conditions are changed and now BTC is capable of providing you such a huge profit than any other investment can provide and moreover few countries also started accepting BTC. So it is a wise choice to invest into BTC.