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 VideoHaving gold in our own hand is a good thing because it can be called as an investment which has a value to the community because of its reliability and wealth. To be honest, every time I heard about bitcoin, it really sounds money to me because it can really help someone to be successful in life. The reason why some investors are questioning the legitimacy of bitcoin was because of the falling price of these past few months which made a person think that it will die soon. Debating between gold and bitcoin make sense at all because if we will have a serious conversation regarding this matter, you'll might come up with a conclusion which is better between the two.