It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again
Just came across this article and think it'll be best I shared it here for the doubters still hoping for their previous metal to recover while they keep on missing out on the chance to partake in one of life greatest innovation.
Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles. I would prefer my investment in an asset that could give me higher double digits gains than an asset that can barely gives strong double digits gains and yet been called the safe heaven when it also poses same risk of a lost in value during trying times.
Gold investment is deeply rooted in the hearts of the people and is widely accepted. The sudden emergence of Bitcoin is full of sense of the future and imagination.
The commonality between gold and Bitcoin, that is, the most special place, is that they are all related to currency: gold is an ancient currency that has been proven by history, and Bitcoin is a future currency to be tested. Gold has been a universal currency in the world for a long time in history. Even under the modern monetary system, gold still functions as a currency, becoming a tool for national and personal investment and preservation; as a great blockchain technology The application of Bitcoin, which came out as a form of virtual currency, is a great experiment to explore the development of future currency.
Due to the volatility of Bitcoin, it may be less risky for most people to invest in gold, and many people are realists. People who invest in Bitcoin are like venture capital institutions. They value the future, a clear economic model, a clear source of profit, and an untouchable industry ceiling. My idea is the same, to allocate the expendable funds rationally, invest in Bitcoin, and invest in the future. I still have faith.
In my opinion, there are two different groups of people who invest in gold and bitcoin. Gold is the reserve asset of the old age, while Bitcoin is the reserve asset of the new age. As a currency or asset, gold has a history of thousands of years and has a broad global consensus. Therefore, gold is often considered a safe-haven asset. When there is a black swan incident, many senior investors give priority to investing in gold to avoid losses in their assets. But when Bitcoin was born, Bitcoin slowly replaced gold in many areas. This is why many people call Bitcoin digital gold. Bitcoin has only a short history of 12 years, and it is still in a very early and rapid development period. Bitcoin's market value still has a lot of room for growth. In my opinion, in a few decades, when the market value of Bitcoin is large enough, the price fluctuation of Bitcoin will gradually become very small.