Post
Topic
Board Economics
Re: Better Money: Gold, Fiat, Or Bitcoin?
by
Xcode7
on 12/06/2024, 06:55:27 UTC
Listen what this Austrian Economics / Mises Institute author of a book titled Better Money: Gold, Fiat, Or Bitcoin?

Whatever people can say is according to their individual interests and if you are able to study the best then gold and bitcoin are the choices.
Let's look at it simply, gold has resistance in terms of value even though the profits are stable and vice versa with bitcoin, this asset is quite speculative but can provide quick profits when people dare to hold it.

Then when it comes to money, it will continue to depreciate and its value will continue to decrease in the long term. Money in the commodity definition is certainly much better than the two because currently almost all people use money to make purchases.
But if we talk about long-term use as a measure to maintain value, gold and bitcoin are much better because they have strong resistance compared to money.
Gold and Bitcoin are the two best investments with the same goals and different paths, so these cannot be equated, Bitcoin with its large percentage of profits in the future and Gold with its price stability which makes this investment liked by many people, there are many advantages and strengths between the two, but what is certain is that each investment has a percentage that is worth it between possible profits and losses.

It is true, money is an interest and use in everyday life, I think this will be different from investment and if someone intends to collect as much money as possible without doing anything, it is a mistake because inflation can cause harm to the holder, even if it is only a little.