Bitcoin vs Gold which one should you own? bitcoin and gold are two assets that have been compared to each other a lot during the past few years with reason.
Gold has been the preferred store of value for century already and when a new competitor showed up his nose 8 years ago, some gold bug weren’t to excited.
I don’t believe the situation to be a zero sum game where if Bitcoin win, Gold goes to zero or vice vera. I think that they are complimentary assets that could co-exist, but I think that one of them will outperform the other by a huge margin over the next few years. I let you guess which one it is.
Leave your comment below if you have any question.
What is the best platform to mine bitcoin Alex?
Yvon Vezina says
You make good points with owning Bitcoin, it’s really understandable the way you explain it. Now own gold it’s value that is physical, not virtual. You have to agree that if a deflation, a big inflation, a small or a big recession or a big crash, bigger then the one in the thirties, well people will still want to own gold and silver. My opinion is that there is only a certain amount of Bitcoin in the world, good or bad it’s to be seen?
You see even if you only have Bitcoins, well being that there is not much of it, it could sky rocket way up. Now a lot of owners of Bitcoin could keep great amount of Bitcoins without doing anything with it, Just for safe keeping. Having the sense of being safe. Because if you buy a lot of land, properties or anything else, you are spending the Bitcoins which
You will not be able to buy back, because money will be worth nothing. So I think people will keep it for the necessities of
Living each day. Because once it spent possibly you will have a lot of problems getting Bitcoins again.
Also the percentage of people that owns Bitcoin is very small, I am sure that just a few billionaires own maybe half or more
The Bitcoins, thats just an opinion, it could be 3/4 of the Bitcoins. we know that some very rich peoples like to have an empire and control of the wealth, I am sure you know some of them the ones that already owns most of the world fortunes.
So there will not be enough Bitcoins to go around for the small and late investors. So since a very small % of people will have Bitcoins and the rest will be living with the value of gold and silver or trading things, because there will be just that left to buy the things needed to live on.
Remember that the governments ( sorry the power not governments ) have ways to stop the Bitcoins transactions, siNice it’s still not accepted by them at this moment. Law Will be implemented, as you know they wants you pore. They could out lawed the Bitcoins, seize every blockchain sin the world, make them useless, cut the internet, arrest those that they know have some Bitcoins or blockchain. You need people with the knowledge of making work those. Arresting the leaders, they will put laws, no one can use Bitcoins, they also can cut the power and even destroy the all the servers, and don’t kid yourself they know were they are. While this is happening people having gold and silver can buy things with grams or less
What they need because its physical and you have it in your hands. They feel more secured then having virtual money. I am not saying that Bitcoins won’t be very good someday, probably be working with the monetary system and legal someday, but not just yet. Thanks Yvon