Hi Everyone!
I think it's time we had a serious discussion on whether or not Bitcoin is a better store of value than Gold. This topic has caused a lot of controversy over the last few years, so I would love to hear your thoughts.
Which asset do you think is a better store of value?
I wrote up some of my thoughts on whether
Bitcoin or Gold is a better store of value.
However, I'm certainly open to changing my mind!
Looking forward to the conversation.
Bitcoin and Gold have different risks, because if we invest in Gold for the long term then of course the price of Gold will definitely increase even though slowly, so that it gives us profit if we invest in Gold in the long term, but if we invest in Bitcoin then of course the risk is greater than Gold, because the price of Bitcoin can increase very high in a fast time and fall in a fast time too, so I think Bitcoin is more suitable for trading than long-term investment (sell when the price is high and buy when the price is low), because the price of Bitcoin moves (up and down) faster than the price of Gold and the price of Bitcoin can also go down very far compared to the price of Gold (Bitcoin has a big risk and big profit too, while Gold has a small risk but with a small profit too), so it depends on you whether you dare to take the risk or not, if you dare to take risks then Bitcoin is the right choice for investment, because the profit from investing in Bitcoin is greater than gold.