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Undermining their volatilities, bitcoin is Worth $122,000 today while gold is $3,000. So which really hold that attractive bond for reserve if we must talk about a store of value?
I am not sure why you would consider that unit value matters?
If we are comparing bitcoin and gold, we should be comparing market caps.
Not only comparing the market cap but the ounce to kg unit matter also. When comparing Bitcoin to gold in unit it should be 1kg to 1 Bitcoin atleast the price range can be considered and equated than measuring in ounce. Because 1 ounce of gold is equal to $3.349.64 as of today while 1kg of gold is equal to $107k.
Bitcoin has a market cap that is slightly more than $2 trillion and gold has a market cap that is nearly $20 trillion. So in that regard, bitcoin has a price that is about 1/10 the price of gold.
Sure and it will take Bitcoin a very long time to compete with gold in that regard.
From my own perspective bitcoin is likely in the ballpark of 1,000x or more better than gold, so that means that bitcoin has likely a 10,000x more price appreciation in order to reach its fair market value relative to gold.
Yes and the both are being invested on at thesame time. Most people expecialy the uneducated one who are not technology inclined will prefer traditional system of investment which is Gold than Bitcoin and this is making the market a competitive one, even though Bitcoin has more advantage over Gold.