Bitcoin vs. Gold: which has been more of a safe-haven asset in 2020?

[john_cm]

with barely 6 months into the year, 2020 has been dramatic and very eventful with the stock market slump, march 12 Bitcoin sell-off, oil price trading in the negative, etc. From the investment perspective, taking YTD Bitcoin and Gold performance amidst this ongoing pandemic which asset has upheld the safe-haven narrative between gold and Bitcoin?

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[Barnabe]

with barely 6 months into the year, 2020 has been dramatic and very eventful with the stock market slump, march 12 Bitcoin sell-off, oil price trading in the negative, etc. From the investment perspective, taking YTD Bitcoin and Gold performance amidst this ongoing pandemic which asset has upheld the safe-haven narrative between gold and Bitcoin?

IMO gold will always be safer in the long run because people have more trust in it. Gold has much less volatility than bitcoi. If you are strictly talking about safety, because of that lower volatility gold is safer. The downside is that its value won't change much in the very long term. Bitcoin is still a young asset and has a lot of potential, it is less safe, but has much higher returns possibilities.

[casperBGD]

think that for a moment, you can not compare the two, gold is a well established safe-haven for heavy investors, and bringing few months analysis would not change that
BTC did not prove stability, but provided better return in this period, more stability is needed for BTC to be perceived as safe haven for big and institutional investors

[john_cm]

think that for a moment, you can not compare the two, gold is a well established safe-haven for heavy investors, and bringing few months analysis would not change that
BTC did not prove stability, but provided better return in this period, more stability is needed for BTC to be perceived as safe haven for big and institutional investors

Iterating Bitcoin performance for the past years, base on those finding, don't you think should Bitcoin get established, it could be more of a safe haven asset than gold?

[plvbob0070]

I will agree with @barnabe, if it's about security money for long-term, gold is definitely safer than bitcoin. I personally think that choosing between the two is based on what is your purpose of investing. Within just half a year, a lot of unexpected things already happened like this pandemic. And we are still not sure what will happen next, so if you are planning on a long-run investment just to secure funds, for me it's gold. But if you will be investing for the purpose of potential profit, bitcoin is better because of its volatility.

I think this topic of which is better as a safe haven has been discussed here in the forum for a lot of time. But for me, it's really not necessary to compare Bitcoin and gold because they are different from each other. The answer to this will still vary from different perspectives

[Upgrade00]

Bitcoin is not a hedge fund. Infact it's description as an asset class is disputed by a number of financial institutions. Sone view it as a digital cash, some even refer to it as a speculative asset. Gold is an established asset which has been in existence for thousands of years. Bitcoin is an emerging digital currency, there is no direct comparison that can be made between both.

It's impossible to tell what Bitcoin would be in 10-50 years from now, but until it has become fully integrated into the global financial sector, it would still have different perspectives.

[hatshepsut93]

I dunno, maybe the asset that didn't crash by 60% when the stock market crashed? It's a no-brainer to say that Bitcoin is not a safe haven when the data clearly demonstrates so. Even though Bitcoin has already recovered, the fact that it fell so hard clearly shows that it's not resistant to the influence of traditional markets. Gold also reacted negatively to the initial covid-19 panic, but that fall was tiny compared to Bitcoin, and recently it performed quite well and the price is higher than pre-crash, which suggests that it's a pretty good safe haven.

[Barnabe]

I dunno, maybe the asset that didn't crash by 60% when the stock market crashed? It's a no-brainer to say that Bitcoin is not a safe haven when the data clearly demonstrates so. Even though Bitcoin has already recovered, the fact that it fell so hard clearly shows that it's not resistant to the influence of traditional markets. Gold also reacted negatively to the initial covid-19 panic, but that fall was tiny compared to Bitcoin, and recently it performed quite well and the price is higher than pre-crash, which suggests that it's a pretty good safe haven.

It quite strange that gold went down with markets in March. Since it is de facto a safen heaven, I would have expected that it went up since people were selling stocks and had negative perspectives (they should have bought gold).

[Lucius]

It quite strange that gold went down with markets in March. Since it is de facto a safen heaven, I would have expected that it went up since people were selling stocks and had negative perspectives (they should have bought gold).

So is there anything we can consider the perfect safe haven? Gold is only part of the global value system, everything is connected and reacts to different influences, as in this case it was with a pandemic. What is really important in the whole story is the fact that falls of this type are something that is always possible, but also that the losses are not permanent, but only momentary. If you hold BTC or gold you didn’t lose anything if you didn’t sell, and as some others have already said, it’s just a matter of how we perceive our investment.

In last 30 years price of gold is increased by 280%, and it is also interesting that same percentage is for the last 15 years. So we had relatively constant and steady growth, which is the most important thing for some investors. On the other hand, Bitcoin has grown by as much as 7000% since 2013 (data from CMC). It should also be noted that stocks and bonds have outperformed gold over a 30-year period.

[Sanugarid]

I will agree with @barnabe, if it's about security money for long-term, gold is definitely safer than bitcoin. I personally think that choosing between the two is based on what is your purpose of investing. Within just half a year, a lot of unexpected things already happened like this pandemic. And we are still not sure what will happen next, so if you are planning on a long-run investment just to secure funds, for me it's gold. But if you will be investing for the purpose of potential profit, bitcoin is better because of its volatility.

I don't why we keep comparing these two when we can just understand the fact that gold is not bitcoin, bitcoin is not gold and will never be it. Now asking about asset safety, then it should be gold and not bitcoin simply because the value of bitcoin is volatile that should be enough basis to call it a risky asset. Then we have gold that we have been using as a storage of value for ages, backing nation's wealth with it, creating precious jewelry that costs thousands. Would that not be enough to call an end to this discussion?

I think this topic of which is better as a safe haven has been discussed here in the forum for a lot of time. But for me, it's really not necessary to compare Bitcoin and gold because they are different from each other. The answer to this will still vary from different perspectives

My very point. The thing is they are comparing bitcoin to gold is because of the price, but they are disregarding the quantity of each.

It is very simple, if you want to have a volatile asset where you can gain in a short time possible then go with risky asset, do the opposite otherwise.

[20kevin20]

The Gold market is around (or more than) $10T. Bitcoin's is under $180B at the time of writing this reply, so we're looking at a >50x difference. 50x is a lot when it comes to how easy you can manipulate the market. Being used in so many industries around the world, Gold is much harder to destabilize than BTC which helps Bitcoin's volatility continue.

Bitcoin might be volatile right now and might've crashed once stocks fell too, but why do we always forget that BTC is still a little kid compared to Gold's centuries of history? Let's be honest, none of us knew what's going to happen when Bitcoin fell a few months ago. We do not have enough history data to know.

So whether it's a "safe haven" or not is still something that remains to be seen. Too early to ask imo.

[hatshepsut93]

It quite strange that gold went down with markets in March. Since it is de facto a safen heaven, I would have expected that it went up since people were selling stocks and had negative perspectives (they should have bought gold).

I don't think it's that strange, just because stocks fell doesn't mean those money were invested in gold, the strategy was to cash out your investments and wait, and gold wasn't spared either, but losing 3% is not really that big of a hit compared to what happened with stocks and crypto. So, gold clearly outperformed those assets. And now that money printer went brrr, investors started considering gold and caused it to rally.

[Latviand]

I dunno, maybe the asset that didn't crash by 60% when the stock market crashed? It's a no-brainer to say that Bitcoin is not a safe haven when the data clearly demonstrates so. Even though Bitcoin has already recovered, the fact that it fell so hard clearly shows that it's not resistant to the influence of traditional markets. Gold also reacted negatively to the initial covid-19 panic, but that fall was tiny compared to Bitcoin, and recently it performed quite well and the price is higher than pre-crash, which suggests that it's a pretty good safe haven.

It quite strange that gold went down with markets in March. Since it is de facto a safen heaven, I would have expected that it went up since people were selling stocks and had negative perspectives (they should have bought gold).

Gold is really much better if you're thinking about the long-term investment, people are holding bitcoin because our technology is constantly advancing and people are really adaptive to it. But there are still people who find gold as the best source of profit no matter how long you hold it because its price can really be preserved and increase. In bitcoin, you need to manipulate it depending on the market because it is only for a short-term investment, but it still depends on the person who control his bitcoin. If you are knowledgeable about the market and you know when to perform transactions in bitcoin then it is more beneficial to you.

[BitcoinTurk]

Although Bitcoin seems to be the better option when we consider it as a potential for earnings, unfortunately, gold should be preferred for short and medium term investments.  The reason I think so is because people see the old investment habits and gold as a safe haven.  For this reason, I think that investors who adapt in the old train will prefer gold and therefore gold will be a more logical choice.  To mention about my personal opinion, my preference will be Bitcoin in the long term.

[bitgolden]

with barely 6 months into the year, 2020 has been dramatic and very eventful with the stock market slump, march 12 Bitcoin sell-off, oil price trading in the negative, etc. From the investment perspective, taking YTD Bitcoin and Gold performance amidst this ongoing pandemic which asset has upheld the safe-haven narrative between gold and Bitcoin?

Safer is definitely the key here, if you are looking for the safer option bitcoin was never safe and will never be safe, you can buy gold and keep it for 500 years and it will still worth something. Both because people all over the world use it for store of value and give it a "get gold and put it on safe" type of vibe but also it is scarce in the world as well, there is no unlimited amount of gold in the world.

The only thing that could change all of this would be humans starting to explore space and actually find a way to mine gold somewhere else. If one day that happens, we will have abundant amount of gold and that is why its not really anytime soon, not in 2020 neither but could be in the future. Until that happens bitcoin is profitable and I would pick bitcoin but gold is definitely safer.

[john_cm]

The Gold market is around (or more than) $10T. Bitcoin's is under $180B at the time of writing this reply, so we're looking at a >50x difference. 50x is a lot when it comes to how easy you can manipulate the market. Being used in so many industries around the world, Gold is much harder to destabilize than BTC which helps Bitcoin's volatility continue.

Bitcoin might be volatile right now and might've crashed once stocks fell too, but why do we always forget that BTC is still a little kid compared to Gold's centuries of history? Let's be honest, none of us knew what's going to happen when Bitcoin fell a few months ago. We do not have enough history data to know.

So whether it's a "safe haven" or not is still something that remains to be seen. Too early to ask imo.

It will be interesting to see how this plays out in the coming years.

[fiulpro]

When we talk about performance wise , we can very easily see who is performing well in 2020 , no wonder it's Bitcoins.
Gold have a bigger market and we already know how it's price does not bulge even in the bad times.
According to a report published in March *The Gold was on the path to show continuous growth and was already 17% up*
Now if we follow up the recent news one would be able to see how the price of Gold is getting down recently and at the same time due to no available jobs present , people cannot invest and we might have to wait a long time for the recovery of the same.

When we are talking about Bitcoins , 2020 has been a great year for Bitcoins as a whole and one can easily see the reports and future predictions , which are really hopeful . Therefore I do believe Bitcoins has been more of a safe heaven in 2020 and ofcourse the best performing asset.
I do think safety comes with assurance that your investments will grow over time ~ therefore I do believe even though Gold Might be performing good in the upcoming days , the growth of Bitcoins is unmatched.

[Negotiation]

I think when it comes to comparing between gold and bitcoin I would choose bitcoin because it is possible to get more return on long term investment in bitcoin That is not possible in the case of gold This is a much better year for bitcoin investing. The country's economy has been hampered by the virus the gold market has collapsed due to everything being shut down, and demand has fallen sharply But the price of Bitcoin is rising because business is closed and everyone is investing in Bitcoin and trying to overcome the financial crisis In that case, bitcoin is more effective than gold.

[maydna]

If you are afraid of the fluctuated of bitcoin price, then you can choose gold as your investment because gold will be more stable than bitcoin, and the price of gold will not too fluctuated than bitcoin price. But the increase in the gold price will not as high as bitcoin because right now, the gold price seems stable now.

If you can accept the risk of bitcoin price will change, you can pick bitcoin for the investment, and you can hold it for a long time, and perhaps, you can hold it until the next year. In that time, bitcoin can increase so high, and perhaps, you will see bitcoin price will be $20k again so if you sell your bitcoin, you will make a lot of money.

But if you have much money, then I suggest you invest in bitcoin and gold because both bitcoin and gold will be the best investment this year. So you can have a chance to make a profit from bitcoin and gold at the same time. You can sell bitcoin and gold if you need money, and I think that your initial money will also increase.

[exstasie]

with barely 6 months into the year, 2020 has been dramatic and very eventful with the stock market slump, march 12 Bitcoin sell-off, oil price trading in the negative, etc. From the investment perspective, taking YTD Bitcoin and Gold performance amidst this ongoing pandemic which asset has upheld the safe-haven narrative between gold and Bitcoin?

In YTD terms, BTC has definitely performed better, up 35% to gold's 11% increase.

In terms of being a safe haven, gold clearly held much better in the March crash. From high to low it only declined 15%. BTC fell closer to 60%, depending where you measure from.

BTC obviously has more of a risk asset profile.

[Kakmakr]

It all comes down to stability when you have to consider a real safe haven. Yes, over a cherry picked period ...Bitcoin might have looked like a better safe-haven, but on average the Gold price was more stable. The extreme volatility with Bitcoin scare investors off when they have to decide what investment option is the best for them.

If you want to use Bitcoin as a safe-haven, then you might be in for the long haul... because you have to get in at a low price and then ignore the volatility, until you want to sell at a higher price in the future. 

[skarais]

I think the price charts of these two types of investment can explain your doubts about safe-haven assets. If you invest in bitcoin on January 1, 2020 and start hold it regardless of market volatility, then you make a profit today. Lets say you buy 1 bitcoin on January 1 in the range of $7200, and if you sell it today, you will make a profit of $2450 at the current price. I think so far you understand how this investment works. But for safe-haven assets, I would choose gold because it does not have a high risk of volatility.

[slapper]

with barely 6 months into the year, 2020 has been dramatic and very eventful with the stock market slump, march 12 Bitcoin sell-off, oil price trading in the negative, etc. From the investment perspective, taking YTD Bitcoin and Gold performance amidst this ongoing pandemic which asset has upheld the safe-haven narrative between gold and Bitcoin?

In my opinion, gold is a great stable asset that can help you to protect your capital and money during this pandemic. Gold is most trusted by the people and there is no way gold can fluctuate 30-40% in a month.
Bitcoin, on the other hand, can give you a big profit if you have a good entry and good exit. For example, in early April, Bitcoin dropped to $2000. If you bought them, you would probably earn 400% right now
I guess there is no place that can be called a safe-haven asset. It's just about the people who are wiser than the others

[NotATether]

I'd bring up a different opinion and say USDT is the best safe-haven asset, more than gold or bitcoin. When you think of it, USD is the world reserve currency, and USDT is a stablecoin whose price is always being changed to match USD, though in practice there is a tiny price difference between the two. So if someone's holding X amount of USDT, the value of that cannot decrease because every other currency is being traded against it, so those are the ones that go up and down. The same reasoning can be used to show that someone holding USDT never *gains* more money.

Of course this opinion is only valid in an international setting, in a single country or group of countries that shares the same currency, such as EUR, as long as you only trade other currencies, including bitcoin and gold, in euros, and everything there is priced in euros, then EUR can be considered a safe-haven asset, but only within the EU.

And nothing I mentioned above is valid if the prices of commodities are raised, since you now have less value to spend it on.

[Guryon_master]

with barely 6 months into the year, 2020 has been dramatic and very eventful with the stock market slump, march 12 Bitcoin sell-off, oil price trading in the negative, etc. From the investment perspective, taking YTD Bitcoin and Gold performance amidst this ongoing pandemic which asset has upheld the safe-haven narrative between gold and Bitcoin?

If you are a person who is much fanatic of gold you can always feel confident on bitcoin over gold. But even so,  I suggest to choose gold when talking about total safety since gold will never lost its value.

[Vishnu.Reang]

First of all, it is not right to compare gold and Bitcoin. Because both of them are very different types of assets. Gold is a stable asset which can be used as a store of value. Gold is having a huge market cap and only a small part of it is being traded every day. However, Bitcoin is not suitable for this purpose due to its volatility. It may take a few years, before the prices stabilize.

[Wafilian]

Gold and BTC are two types of assets. Gold is more stable than BTC. Even if both types of assets are used for trading, you can earn more income from BTC. Gold is considered to be the financial carrier of a country. Not just for 2020. Always gold is a more stable and safe-haven asset than BTC. The price of BTC is always volatile so it is a very popular business medium for traders. So it is easy to say that gold is a more safe-haven stable asset than the BTC.

[Yatsan]

It all comes down to stability when you have to consider a real safe haven. Yes, over a cherry picked period ...Bitcoin might have looked like a better safe-haven, but on average the Gold price was more stable. The extreme volatility with Bitcoin scare investors off when they have to decide what investment option is the best for them.

Look at it in a simpler terms, if you in a platform with a single center support, which is safe the stable or the stable one? of course the gold is our safe-haven which is why nations are getting it to be the nation's reserve. Bitcoin is young for me, though it is a decade years old there are still a lot of rooms for bitcoin to be improved and be adopted. This has been the discussion of the decade, can we not get over with this? we already use gold for ages to store wealth, and not bitcoin. That's all you guys need to know about it.

If you want to use Bitcoin as a safe-haven, then you might be in for the long haul... because you have to get in at a low price and then ignore the volatility, until you want to sell at a higher price in the future. 

There is nothing wrong where do you want to store your value, it does not matter if you are going to gold or bitcoin, what will matter is the future value of what you put in there.  

[eaLiTy]

~
IMO gold will always be safer in the long run because people have more trust in it. Gold has much less volatility than bitcoi. If you are strictly talking about safety, because of that lower volatility gold is safer. The downside is that its value won't change much in the very long term. Bitcoin is still a young asset and has a lot of potential, it is less safe, but has much higher returns possibilities.

It is common knowledge that the timing is very important when you are investing in any asset. Take a look at the price of gold in the past few days, it went down more than we expected. If you are looking at gold as a long term investment then you can apply the same logic with BTCitcoin too, invest whenever you like and wait for the long term and the difference between the two is that you can have an higher profit in a short period than gold.

Fundamentally gold is here for centuries and comparing it to BTCitcoin which is the new kid in the financial industry is a bit childish .

[Findingnemo]

Gold seems the safe heaven in this pandemic but bitcoin took the place of most profitable investment so for an investor the profits are more important than stability so I will say bitcoin performed well even when the whole economic market of the world is struggling.And again don't compare bitcoin with gold anymore because they are not safe and people who loves profits will choose bitcoin over gold.

[BuNga_cute]

I prefer gold over bitcoin if for investment in the long run, because gold is safer and the price is not volatile. So of course gold
as a safe-haven is better than bitcoin. What's more gold is more trusted by the people, therefore gold is very safe as a safe haven.
But for the performance of 2020 bitcoin is still far better than gold, and also bitcoin is more profitable compared to gold.

[Barnabe]

I once heard about a special type of financial asset. In short it was a kind of certificate for gold, but this gold was loaned to another financial entity (to act as a guarantee or a sort of asset for swap) and the certificate would give its owner a certain percentage as interest. I thought it was interesting because the investor would have gold and would also have some returns over time.
Has anyone heard of this ?

[chrisculanag]

For me gold is more safer than bitcoin , because gold are already trusted in over the world and you can hold a real gold as a saving  and wait for the good profit but if we track a bitcoin history , bitcoin is a good one and safer too because if you see the price of this in a past years it is most profitable than gold.

[Sanitough]

I would always go with gold if it's compared with any kind of investment, however I will choose bitcoin in a sense that I like bigger profit so I'm willing to take a higher risk. And with bitcoin, I believe this technology would attract massive adoption in the future and it will result to a significant increase of value due to its adoption.

For typical investors, it's a no-brainer that they'll always pick gold for stability and security, but since we are in crypto, I think we can say to ourselves that we are risk takers who wants bigger return.

[Rosilito]

It is too short of a time for Bitcoin to be a safe haven here while considering the ideology of volatilty. Of course, bitcoin would fell short, anyhow Gold is been here for more than a decade, and is used in a widerscale than Bitcoin has. I had take quick skim with eveyone's answer... and it just leads to Gold winning the debate here, obviously. The time, and the population it has is what made it worthy of being a safehaven. But talking about bigger profit in a short time span, BTC wins here  .

[Sanugarid]

I would always go with gold if it's compared with any kind of investment, however I will choose bitcoin in a sense that I like bigger profit so I'm willing to take a higher risk. And with bitcoin, I believe this technology would attract massive adoption in the future and it will result to a significant increase of value due to its adoption.

Who would pick uncertainty over certainty? 1% of population who claim themselves as risk taker? Let this discussion be the last for a thread whose asking which is which among gold and bitcoin. The only reason why we have bitcoin is because it has a chance to exceed in terms of price after we bought it, in short we are making it as an invest with hollow foundation and trust. We don't even use bitcoin as currency. Yes bitcoin has scarcity, it might get to the point of stabilization but the essence now of bitcoin is just for risky investment, nothing more, nothing less.

For typical investors, it's a no-brainer that they'll always pick gold for stability and security, but since we are in crypto, I think we can say to ourselves that we are risk takers who wants bigger return.

You'll even get the answer in less than a second. Gold will be the safest haven for a long time, until we decide not to value it the way we are valuing it now. how about diamonds?

[TopTort777]

Why nobody is talking about the difference of buying and holding both assets? It is more or less clear for newbies about bitcoin, but how can a newbie buy some grams of gold and how to keep it? In reality it is just a dust. You cant buy a “hardware wallet” for gold and each month spend 100$ to buy more. You can do that on gold trading platform, but I dont know any who I can trust to.

What do you think?

[kesmex]

when the pandemic of the price of Gold and cryptocurrency is really good, both of these assets have increased,
so if you want to choose, of course I choose both of these assets for 2020

[ssamotoev]

It all comes down to stability when you have to consider a real safe haven. Yes, over a cherry picked period ...Bitcoin might have looked like a better safe-haven, but on average the Gold price was more stable. The extreme volatility with Bitcoin scare investors off when they have to decide what investment option is the best for them.
If you want to use Bitcoin as a safe-haven, then you might be in for the long haul... because you have to get in at a low price and then ignore the volatility, until you want to sell at a higher price in the future. 

Have to agree with this one.
Gold shows overall long term stability, Bitcoin on the other side was literally the most profitable asset in this century or something like that

[Vishnu.Reang]

when the pandemic of the price of Gold and cryptocurrency is really good, both of these assets have increased,
so if you want to choose, of course I choose both of these assets for 2020

I can't agree with this statement fully. It is true that the gold prices have risen as a result of the COVID 19 pandemic. The prices have gone up from $1450/Oz six months ago to around $1,700/Oz now. And for a stable asset such as gold, this is considered as a sharp rise. That said, I don't think that the Bitcoin prices rose as a result of the pandemic. I would attribute the spike to the block reward halving.

[tvplus006]

In my opinion, gold is a great stable asset that can help you to protect your capital and money during this pandemic. Gold is most trusted by the people and there is no way gold can fluctuate 30-40% in a month.
Bitcoin, on the other hand, can give you a big profit if you have a good entry and good exit. For example, in early April, Bitcoin dropped to $2000. If you bought them, you would probably earn 400% right now
I guess there is no place that can be called a safe-haven asset. It's just about the people who are wiser than the others

This would have been a good entry point at $2000, but there was no such price in April as you point out. But even at the price of $3782, which was in March, you could make really good money. This size of profit for 3 months can not give any gold or other business.

[TheGreatPython]

with barely 6 months into the year, 2020 has been dramatic and very eventful with the stock market slump, march 12 Bitcoin sell-off, oil price trading in the negative, etc. From the investment perspective, taking YTD Bitcoin and Gold performance amidst this ongoing pandemic which asset has upheld the safe-haven narrative between gold and Bitcoin?

Gold has been the safe haven for years now, and I don't think that has changed, it's still the same thing.
And as for Bitcoin, it remains an asset that is volatile. But that doesn't mean that Bitcoin is not good. You can invest in both and although which of them has really performed better this year 2020, they are still very good.

Though from what I have read sometime, gold was able to remain quite stable at the time Bitcoin and other markets were falling due to the pandemic. The good thing with Bitcoin is that after the fall, it didn't take long for it to move back up again, unlike see assets that dropped and are still finding it difficult to get back up.

[Nhor1011]

with barely 6 months into the year, 2020 has been dramatic and very eventful with the stock market slump, march 12 Bitcoin sell-off, oil price trading in the negative, etc. From the investment perspective, taking YTD Bitcoin and Gold performance amidst this ongoing pandemic which asset has upheld the safe-haven narrative between gold and Bitcoin?

If your talking about safety, Gold is safer than bitcoin ever since and despite of covod19 pandemic the value of Gold remain stable unlike bitcoin with volatile value. But in our current situation bitcoin is great opportunity to earn and survive even stay at home. Maybe it was not safe like Gold but it was profitable than on it.

[Twinkledoe]

with barely 6 months into the year, 2020 has been dramatic and very eventful with the stock market slump, march 12 Bitcoin sell-off, oil price trading in the negative, etc. From the investment perspective, taking YTD Bitcoin and Gold performance amidst this ongoing pandemic which asset has upheld the safe-haven narrative between gold and Bitcoin?

If your talking about safety, Gold is safer than bitcoin ever since and despite of covod19 pandemic the value of Gold remain stable unlike bitcoin with volatile value. But in our current situation bitcoin is great opportunity to earn and survive even stay at home. Maybe it was not safe like Gold but it was profitable than on it.

Though we are all crypto users here, many will still choose gold as this has been a safe haven for centuries. But if you are a risk taker, you will allot a certain percentage to bitcoin. Never put all your eggs in one basket, right? So it is always better to diversify your portfolio. And since you are already a crypto user, why not buy some bitcoin, after all, most of us believe the capability of bitcoin in the coming years?

[Lorence.xD]

when the pandemic of the price of Gold and cryptocurrency is really good, both of these assets have increased,
so if you want to choose, of course I choose both of these assets for 2020

Having to choose from the both of them is impractical, they are both a good safe haven for your finances, though bitcoin looks like it is winning many hearts, I think they both have inherent disadvantage that we should consider, one is that bitcoin is volatile which could dump anytime but the rewards are very high, on the other hand, we can't simply get a gold at your local pawnshop because there is difference. In conclusion, no matter what you choose, you should be wise about it because your financial stability depends on it.

[mnporter2001]

with barely 6 months into the year, 2020 has been dramatic and very eventful with the stock market slump, march 12 Bitcoin sell-off, oil price trading in the negative, etc. From the investment perspective, taking YTD Bitcoin and Gold performance amidst this ongoing pandemic which asset has upheld the safe-haven narrative between gold and Bitcoin?

I believe that Bitcoin is still a better haven than gold. Although the crypto market has a small market capitalization, I believe this halving event will soon attract millions of investors to the crypto market. At that point, they will push the price of bitcoin according to the fomo news of financial experts, then we will see the price of bitcoin higher than $ 16k. There are many advantages to bitcoin being able to grow compared to gold.
When the economy is stable, people will use money to invest and then they will sell off gold. That's why I prefer holding bitcoin.

[shoreno]

with barely 6 months into the year, 2020 has been dramatic and very eventful with the stock market slump, march 12 Bitcoin sell-off, oil price trading in the negative, etc. From the investment perspective, taking YTD Bitcoin and Gold performance amidst this ongoing pandemic which asset has upheld the safe-haven narrative between gold and Bitcoin?

If your talking about safety, Gold is safer than bitcoin ever since and despite of covod19 pandemic the value of Gold remain stable unlike bitcoin with volatile value. But in our current situation bitcoin is great opportunity to earn and survive even stay at home. Maybe it was not safe like Gold but it was profitable than on it.

Though we are all crypto users here, many will still choose gold as this has been a safe haven for centuries. But if you are a risk taker, you will allot a certain percentage to bitcoin. Never put all your eggs in one basket, right? So it is always better to diversify your portfolio. And since you are already a crypto user, why not buy some bitcoin, after all, most of us believe the capability of bitcoin in the coming years?

not all are guranteed crypto users on here because there are also lurkers that are only curious if whats going on in this forum . a legit crypto user will also support crypto and he wont say that gold is better than crypto no matter what , same thing can happen for those who support gold they will also say that gold is better than a crypto because they havent use crypto before . for the last part of your sentence , both bitcoin and gold are applicable to that . we must know our limits no matter what asset we choose so that we will not end up crying if we loose .

[sana54210]

It is also both very easy but also very difficult to store gold. The easy one is, you could go and buy a gram of gold in most nations, usually they either have this international one or just a nation reserve one and it is mostly pure gold (well I hope it is at least) which is the easy one to store.

However if you have a million dollars, that is gonna take a huuge space. Looking at google 1 kilo gold bar is around 57 thousand dollars, which means you will have about 17 of those plus one half, 17.5 kilo gold bar is not something you should be carrying nor should be storing anywhere at all. Hence, why you would pick banks but banks are not really places I trust neither, they could do anything at a moments notice as well, what if bank bankrupts because of a crash? I am not taking that risk neither.

[elisabetheva]

with barely 6 months into the year, 2020 has been dramatic and very eventful with the stock market slump, march 12 Bitcoin sell-off, oil price trading in the negative, etc. From the investment perspective, taking YTD Bitcoin and Gold performance amidst this ongoing pandemic which asset has upheld the safe-haven narrative between gold and Bitcoin?

I believe that Bitcoin is still a better haven than gold. Although the crypto market has a small market capitalization, I believe this halving event will soon attract millions of investors to the crypto market. At that point, they will push the price of bitcoin according to the fomo news of financial experts, then we will see the price of bitcoin higher than $ 16k. There are many advantages to bitcoin being able to grow compared to gold.
When the economy is stable, people will use money to invest and then they will sell off gold. That's why I prefer holding bitcoin.

what you say is understandable and I also have the same final conclusion that still bitcoin is the most reliable alternative to investing.
gold will always be affected by the movement of US $ and it continues to this day. and it should also be seen how to store bitcoin is safer compared to gold.
bitcoin has an advantage over gold, which is clear that prices will be predicted next year to be the highest price that will occur.
maybe for this year it will be around $ 15K bitcoin will reach it.

[TopTort777]

bitcoin has an advantage over gold, which is clear that prices will be predicted next year to be the highest price that will occur.
maybe for this year it will be around $ 15K bitcoin will reach it.

Could you explain what you are talking about? No one ever predicted the price of bitcoin, but count "prediction" as an advantage.
How many times these so called "analytics" predicted bitcoin price to be $15k, $20k, $50k, $100k and other thousands of scenarios? How many of them came true? Why none of them in 2019 predicted price drop of March 2020?

All of them can 100% predict, that based by the graph, bitcoin's price curve will go from left to right.

[Mauser]

with barely 6 months into the year, 2020 has been dramatic and very eventful with the stock market slump, march 12 Bitcoin sell-off, oil price trading in the negative, etc. From the investment perspective, taking YTD Bitcoin and Gold performance amidst this ongoing pandemic which asset has upheld the safe-haven narrative between gold and Bitcoin?

Gold at the moment is already very expensive at the moment. If we see are further spread of corona  and a general decline in global demand if believe people will prefer holding cash than gold. So investing at these levels (above 1,700 USD) I don't see much upside. It might be okay to store your value, but you shouldn't forget that the gold supply is not limited. One day there might be a new deposit found and the gold price could drop again.

Bitcoins on the otherside are limited in quantity. I think in the long term Bitcoin is a much better safe haven asset. The overall trend of Bitcoins will be upwards. Everybody should hold atleast some BTC.

[saint_casanova]

Neither of them could be considered as 'safe haven asset' as their track record in 2020 so far is very disappointed. To be fair, since the corona virus, many kind of assets in the red zone or uncertain zone. That's why I think the question should be which asset is more resistant at this time and my answer is gold.

[coinfinger]

In 2020 we could just take a look at the year to date prices and see which one is doing better. Gold has around 10% to 12% increase from the start of the year and bitcoin had around 34% or so increase year to date. Which means bitcoin was 3 times as more profitable compared to gold and that could be the answer of this. Do not get me wrong I am not claiming bitcoin is better than gold nor claim anything other than just bitcoin having 34% profit while gold having 11% this year.

The question says 2020 and this is so far in 2020 and that's it. So, statistics and data proves that if you were a bitcoin holder, you made more profits than someone who had gold at the start of the year. I say that is a pretty good reason why talks about gold versus bitcoin should stop already.

[Kasabus]

Neither of them could be considered as 'safe haven asset' as their track record in 2020 so far is very disappointed. To be fair, since the corona virus, many kind of assets in the red zone or uncertain zone. That's why I think the question should be which asset is more resistant at this time and my answer is gold.

Gold has lived already a hundred years and people considered it as a safe investment safer than bitcoin today. It's value is more fixed and it continues to have a higher appraisal as years go by. But with bitcoin, although its value always fluctuates, but we can't deny that it has higher returns compared to gold.

[STT]

BTC is more liquid and available to the common people, its cheaper to handle so if you want the simple answer BTC did just fine.    Gold on face value did sell off but the whole point of gold is to provide stable available funds, this means many people selling into the market will drop the price but theres ongoing demand for gold over decades so its solid as an asset.
   The point thats going to be missed is long term assets have their value over decades, if the price is not good in a particular month that doesnt invalidate its position.   We obviously have never before seen events and imo we have troubles ahead also but both asset types stayed liquid and available as funds so are useful.   A house as an asset is harder to discuss as its not that liquid.