Quote from: Piesel on Today at 10:11:32 AM

Quote from: Jason Brendon on August 02, 2022, 04:35:47 AM

BTC doesn't have to fight gold, does it?
BTC is made to defeat fiat. Gold is something different. You can have both BTC and gold. why force yourself to choose one over another?
Gold is good. It made stunning jewelry.
BTC is good. It pays for my coffee.

Exactly and very simple explanation of the two assets, the analogy is simple.
Gold= jewelry.
Bitcoin= currency+asset.
And that is why just in the few years of Bitcoin's existence, bitcoin has surpassed gold in market volume and price, and Gold which has been around for several decades may have not made so much market impact as Bitcoin and that is because Bitcoin has a dual purpose.
1 bitcoin is an asset.
2 Bitcoin is a currency.
So these factors made Bitcoin different from gold, bitcoin, and gold can co-exist in the same market environment since their not serve the same purpose. Those who are in Bitcoin because of its value and volatile nature take bitcoin as an asset and they hold Bitcoin as an investment just like Gold is an investment also, but while gold is used for the production of jewelry and other precious materials, Bitcoin, on the other hand, is used as a currency.

Gold is also an asset, a more stable asset than bitcoin.
Bitcoin is an investment and can also be used as a currency because the purpose of the satoshi that created bitcoin is to turn it into currency.
But there's really no need to compare them, both are great for investing and storing assets.
Bitcoin cannot be used as jewelry and gold cannot provide greater returns than bitcoin. Each has its own use, cannot be put on the scale to compare.