Quote from: Vincom on March 27, 2024, 12:21:50 AM

I would like to know your views on BTC and gold:

Are you investing in BTC or gold?
Do you think BTC has become more attractive than gold in the investment sector?
Have people like Peter Schiff accumulated a lot of BTC while still badmouthing BTC in the media?

I don't consider gold an investment portfolio, even though its price has recently increased significantly. But in terms of investment, it is not attractive enough for me to invest a large amount of money over a long period of time, the profit rate is not enough for me to consider it as an investment portfolio. I just view gold as an insurance portfolio for my assets.

In contrast, Bitcoin has shown incredible returns if you invest in it early. Clearly Bitcoin is more attractive than gold in terms of investment. If you invest the same amount of money in Bitcoin, the profit can be several dozen times higher than gold. However, I think that Bitcoin and gold can be two complementary assets. You can protect your assets in gold when the market goes downtrend, and sell gold to reinvest in Bitcoin when the market prospers. You can rest assured that your assets will not be eroded by inflation when you do not have to hold USD.

As for Peter Schiff and the media in general, I don't consider what they say to be a truth. They only want us to hear what they want us to hear, every news or opinion of an individual has a purpose behind it. The harsh truth is that the ruling class do not want ordinary people like us to hold valuable assets like Bitcoin, so it is understandable that they try to defame and criticize Bitcoin in the media.