Post
Topic
Board Economics
Re: Bitcoin vs. Gold: which has been more of a safe-haven asset in 2020?
by
Yatsan
on 07/06/2020, 18:41:01 UTC
It all comes down to stability when you have to consider a real safe haven. Yes, over a cherry picked period ...Bitcoin might have looked like a better safe-haven, but on average the Gold price was more stable. The extreme volatility with Bitcoin scare investors off when they have to decide what investment option is the best for them.
Look at it in a simpler terms, if you in a platform with a single center support, which is safe the stable or the stable one? of course the gold is our safe-haven which is why nations are getting it to be the nation's reserve. Bitcoin is young for me, though it is a decade years old there are still a lot of rooms for bitcoin to be improved and be adopted. This has been the discussion of the decade, can we not get over with this? we already use gold for ages to store wealth, and not bitcoin. That's all you guys need to know about it.

If you want to use Bitcoin as a safe-haven, then you might be in for the long haul... because you have to get in at a low price and then ignore the volatility, until you want to sell at a higher price in the future.  Wink
There is nothing wrong where do you want to store your value, it does not matter if you are going to gold or bitcoin, what will matter is the future value of what you put in there.  Wink