I keep hearing people call Bitcoin “digital gold.”
But gold has been around for thousands of years, and Bitcoin is only ~16 years old.
Do you think Bitcoin can really replace gold as a store of value — or should they just complement each other?
I’m curious what older members here think!
Gold and bitcoin are two different sets of assets. Bitcoin has a huge potential to make you rich because of its immense growth it has shown so far. While Gold is mostly used for capital protection. Even though gold price has also increased over time, but it has never reached to the level of Bitcoin.
My personal preference is to have both in my investment portfolio. Gold should balance your portfolio during uncertain times and Bitcoin should take your portfolio to the new heights over a period of time.