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?
i can not give advice to sell your wife jewelery for bitcoin investment it is the right choice. Because in my opinion both are good investments. The decision to invest should be based on careful consideration and should not be taken hastily. It is better for you to explain again the risks regarding bitcoin and most importantly the wife's jewelry that is being sold must have permission from your wife so that there are no misunderstandings in the future.
Regarding the statement that Bitcoin is a better investment than jewelry, it should be remembered that Bitcoin is a very volatile asset and its value can rise and fall quickly and suddenly. Even though Bitcoin has provided significant returns for some people, there are still many risks associated with investing in Bitcoin. Meanwhile, jewelry has sentimental and historical value that can maintain its value for a long time, and can be passed on to the next generation as a family heirloom.
Therefore, before making an investment decision, you should do thorough research and consideration to ensure that the investment is in accordance with your goals and risk profile. Always remember not to take risks that you cannot bear and always consult your wife first if you feel the need.