Both Bitcoin and Gold have important differences. These range from something as simple as tenure to the very nature of these assets themselves: gold is tangible, but bitcoin is a digital creation. Gold and bitcoin have both been identified as safe-haven assets and have drawn significant attention from worldwide investors. They have some important differences, such as gold being a physical commodity and bitcoin being purely electronic.

However, the two also have similarities. They are both speculative investments, in that their prices are not based on more basic fundamentals like revenue, earnings or interest payments. Before purchasing or speculating on either gold or bitcoin, investors can benefit significantly from conducting thorough due diligence. Plus, they should keep in mind that risk is inherent to investment, so they shouldn’t invest any money they cannot afford to lose.