Question
The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?
Here are my thoughts
A valuable store of value and medium of exchange, gold has been around for five thousand years.
Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.
How do you feel about this?
You have to take into account that gold has existed for thousands of years as a store of value, and people having been buying and selling it and there has been a limited supply and there are literally no factors that could affect its price heavily, not like bitcoin that is fairly new and it is quite volatile and has a lot of factors related to its price, and has a lot of potential to grow, but the question is what will happen when the supply reachs its end and there are no more bitcoin being mined, will it have the same price, keep going up, or people will lose interest in it.