Bitcoin is more than 10x (if not 1,000x) better than both gold and dollars (and other fiat currencies)
It is not just 10 times, I think it should be much more.
JJG Sir, if you look at the financial security and profit, it will be visible that Bitcoin is thousands of times better than gold or fiat currency.
In terms of financial security, Bitcoin is much safer than other regulators (gold, silver, fiat currency) because even though the amount of gold in the world is small, no one knows how much it is. People are constantly extracting gold from nature and currently people are creating artificial gold in laboratories, so the supply of gold may increase a lot at some point and if the supply increases, the price will definitely decrease. As a result, if someone invests in gold, he will lose his money.
Again, with the rate of inflation of fiat currency, saving money in fiat is nothing but the highest level of stupidity.
Since the supply of Bitcoin is limited and people are aware of its quantity, day by day they are putting more trust in Bitcoin and want to own the maximum amount of Bitcoin. So it is almost 100% certain that the price of Bitcoin will increase.
So in terms of financial security, Bitcoin will be several thousand times ahead.
Again, if you think about profit, then the fact that Bitcoin is several thousand times better can be understood by doing a small profit and loss calculation of the last few years -
In 2015, the highest price of Bitcoin was around $ 450.
Currently, the price of Bitcoin is $ 123,000.
That is, the amount of profit is 123,000÷450 = 273 times.
On the other hand, the price of gold at that time was - $ 1,200 per ounce, which has a current market price of $ 3,340.
That is, profit (3,380÷1,200) = 2.81 times
Bitcoin has a higher profit than gold (273-2.81) = 270.18 times.
On the other hand, if someone had deposited that money as fiat currency at that time, its current value would have decreased instead of increasing due to inflation.
The above points alone make it clear how much better Bitcoin is than gold or fiat.
Buying Bitcoin is easy, we can buy Bitcoin safely from home, but if we want to buy gold, we have to go to the merchant, and there is doubt whether the gold will be pure, whether the gold merchant will give the right amount of gold. But there is no doubt at all about Bitcoin. There are many complications in storing gold, but buying Bitcoin is completely safe. If you buy gold for ten dollars, you may feel ashamed or someone may laugh, but you can buy Bitcoin. You can secretly buy Bitcoin little by little from your income without telling anyone, but if you buy gold, such secrecy is not preserved or it is difficult to convert it into a large amount by buying it little by little. But you can buy Bitcoin in any amount, there is no problem. And you have already said how many times the profit. Thousands of such examples can be presented, each of which will go in favor of Bitcoin. So I also agree with you that Bitcoin is a thousand times better than gold.