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?
On the matter of Bitcoin or gold, I do not consider gold an investment but just a safe savings for myself. I think the price of bitcoin increases not because it competes with gold but because bitcoin competes with a weak currency with high inflation rate. Therefore, investing in a project with a high rate of return like Bitcoin is one of them top picks of traders and i think we all see the potential and huge profits from bitcoin rather than gold.