Post
Topic
Board Economics
Re: How Bitcoin differs from gold
by
fuguebtc
on 19/09/2021, 17:19:03 UTC
Gold can be used as an investment or as a commodity for purchase. Bitcoin is a project that everyone has chosen to invest in in recent years. Bitcoin is easy to carry, has a relatively high value, and has anonymity. Nowadays, many people choose to use Bitcoin as a payment method, which can protect our privacy. You can invest in either. If you are richer, you can invest in both at the same time.
Gold has been around for thousands of years and is legal all over the world. If used as a store of assets, gold is a better store of assets than bitcoin because gold is less volatile. Bitcoin has high value but very high volatility. People invest in bitcoin hoping to profit from its volatility. You are a safe person, you should buy gold and store it, you are a risk-taker, invest in bitcoin.