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?
Gold has been in our world for a thousands of years now and it has been proven historically as an investment or an asset and it has been a luxury provided to make much more in return.
But bitcoin is far more superior than gold in this era, bitcoin is undoubtedly much more valuable as an asset/investment than the gold and provides much more return. Given that the bitcoin is highly volatile and extremely risky but it's still proven to make huge returns.
But the scarcity of gold will make some huge impact on the price of gold in the years to come. For now I'd say that the bitcoin is much more superior than the gold.