Post
Topic
Board Economics
Re: Bitcoin or Gold
by
ginsan
on 29/08/2024, 20:43:21 UTC

In addition, Bitcoin has a limited supply and also many coins have died because the owners lost their keys. For that I prefer Bitcoin over gold, also statistically Bitcoin has performed quite well in the last 16 years.
Meanwhile, gold has proven that it can last and perform well for thousands of years, even longer.
Bitcoin has a more limited supply than gold, but gold is not only used for investment and jewelry but is also used in almost every industry in the world.

Apart from that, investing in Bitcoin will of course be better to apply for the long term or for our old age. Because the limited supply will make bitcoin increasingly rare and legally the price will strengthen significantly if demand is greater. For that, buy regularly either with the DCA strategy or with other strategies, use your time to invest in bitcoin for your future.

In terms of development, of course Bitcoin has controlled the world because we can transact anywhere without a third party. Many large companies also continue to buy Bitcoin and hold it.
Also, many of them, from young to old, have shown great interest in investing in bitcoin, every day new investors join bitcoin and of course you can understand that Bitcoin is the best for now or for the years to come.

We need to admit that the reason we choose bitcoin over gold is because bitcoin suits our economic conditions and circumstances better than gold. We all want to be rich, we all want to enjoy life in retirement.

If we invest in gold, an asset that can hedge against inflation but cannot give us 5 or 10 times returns, how can we make our dreams come true? Meanwhile, bitcoin is highly volatile and is a relatively new asset so the growth potential will be greater and that will help us realize our dream of getting rich.

I think that's the main reason why most of us choose bitcoin over gold, myself included.
Whatever considerations occur in these two assets, of course, both have their own advantages and for me personally, I still want to change my view and also my family's if for the time being investing in Bitcoin is better than gold. For approximately 8 years that I have known Bitcoin, of course Bitcoin has been able to change many things in my life, especially in the investments that I have made where Bitcoin brings benefits that I did not expect before.

I also agree with your opinion if we have been involved in Bitcoin, then our choice remains Bitcoin. In the investment journey, of course, many things need to be learned and indeed gold is not able to provide a multiple ROI, but Bitcoin has proven that Bitcoin has led many people to become billionaires because Bitcoin has provided an extraordinary ROI such as data on cmc where Bitcoin increased by a percentage of +122048056.62% from its lowest point.