Post
Topic
Board Bitcoin Discussion
Re: Gold quickly becoming more scarce. Which will be worth more, Bitcoin or Gold?
by
687_2
on 26/03/2020, 14:59:41 UTC
In my opinion, it is wrong to pose the question: what will be more expensive, gold or bitcoin? What will we compare with - an ounce of gold with Satoshi or Bitcoin? We can only note the rise or fall of the price of gold or bitcoin for a certain period. Although I believe that these two financial assets are practically opposite in their functional capabilities and most likely, they can be considered as complementing each other, and not competing with each other.

I tend to agree, although I think Bitcoin is a better investment for several reasons:

Gold Advantages:
  • Can't lose your private keys
  • No learning curve, it just sits there
  • Looks nice and feels good to the touch  Grin

Bitcoin Advantages:
  • Shipping/transport cost is much lower than gold
  • Much easier to buy/sell anytime and anywhere
  • Much easier to make sure it is not counterfeit