Post
Topic
Board Economics
Re: Bitcoin is the new gold standard of the future
by
freedomgo
on 23/08/2021, 20:48:22 UTC
We all have different hopes for bitcoin in the future, and some of them may or may not come true. In terms of personal choice, we can't force people to favor bitcoin over gold because they all have their own reasons. It shouldn't even be a competition; the value of bitcoin and gold are both quite high, and both might be excellent storage options for your money.

Investing in Bitcoin can provide huge profits, as well as Gold. But it is not wise to compare the two, because Bitcoin was not created to compete
with Gold. After all, we can't force everyone to like Bitcoin. Everyone does have their own freedom to choose what they think is comfortable to use.
I agree both Bitcoin and Gold are both quite high value and very good for long term investment.


Investing does not always come with profit, especially in the crypto market where the risk is high and the price volatility could probably result to panic of the investors. Comparing bitcoin to gold, I think it's too early to say that bitcoin is better because gold is very stable and it will always be the option of the big investors to secure their wealth. Moreover, bitcoin could only be use as a tool to trade and one could choose not to hold it but just to use it for trading purposes only.