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 would suggest you to take full consent of your wife before selling her jewelry, as it is always important to open communication and mutual agreemnt before taking any major decision. Regarding investing in Bitcoin or Gold, both have their pros and cons> Gold has been a long standing store of value since centuries in early days of civilization it was the first currency to be used for trading goods and services. Bitcoin is relatively new asset but it has become very popular due to it decentralization and potential of high returns.
Ultimately, its your decision to sell jeweler to invest Bitcoin which depends on your financial situation, goals and risk tolerance and investment strategy. It is always good idea to make your own research before taking any investment decision.