We know gold is very precious metal, but Bitcoin is much more expensive than gold. Bitcoin will cross $100k after halving in 2024 ie if I invest $3000 in Bitcoin now then there is a chance of getting 10x after 2024. If I get $30000 from investing $3000, nothing can be as valuable as Bitcoin. I explained this formula to my wife at night and she was not willing to give me her jewelery at first but today she told me by herself that you can sell my jewelery and invest in Bitcoin. At present I am forced to sell my wife's jewelery as I have no fiat money.
I seek advice from expert investors/holders/users of this forum,,,,
whether selling my wife's jewelery and investing on bitcoins makes sense?
Is it reasonable to invest in gold rather than bitcoin?
In my opinion, selling jewelry to invest in gold is a very reasonable investment.
We can say with a high degree of probability that the price of Bitcoin is now close to the local minimum (and unequivocally say that the price of Bitcoin is not at its maximum levels).
The price of gold can also rise, but gold has an industrial use, so regulators will not allow its price to rise too much (this could hurt the economy).
As for Bitcoin, its price can easily increase 10 times and reach the price of $250,000.