The answer to a debate that is constantly discussed on social media accounts and news outlets may open doors to different answers for everyone. So, Why Bitcoin Instead of Gold for you?
If this topic has been discussed before, I would appreciate it if you could enlighten me.
The short answer is that gold doesn't work anymore as inflation protection. For my grandparents gold was the number one asset to invest their money if they wanted protection against crisis and inflation. Unfortunately this relationship doesn't seem to hold anymore. The last 2 years we are faced with international crisis like the Ukraine Russia war and have inflation rates of 7-12% around the world. However, the gold price didn't change in value. Anybody that tried to save their money by moving it all in gold lost a lot of value due to inflation. On top of that is gold quoted in US Dollar which could lead to losses if there is big changes in the exchange rates. Bitcoin on the other hand recovered quite a lot from their 16-17k levels and outperformed gold, it's a much better investment.