Can Bitcoin be considered the “gold” of crypto investment?

[Bitcasino.io Support]

Hi, crypto fans

Just a little over a week ago, Stanley Druckenmiller, an American billionaire, spoke on CNBC about his views on Bitcoin:
that it “could be an asset class that has a lot of attraction as a store of value to both millennials and the new West Coast money.”

In recent years, investing in Bitcoin has been seen as a possible way to diversify one’s investment portfolio.
As a result of COVID-19 and what’s happened to the stock markets, an intriguing question has been brought up:
is investing in Bitcoin as good as investing as gold?

Read our blog post here: Is Bitcoin the “gold” of crypto investment?

Bitcoin vs Gold, what is a better investment in your opinion?

Thanks,
Karl
Bitcasino.io

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[Lorence.xD]

Bitcoin is advantageous in a world where technology is king and innovations are happening left and right. The technological edge of bitcoin over gold as an asset is of benefit right now. Gold on the other hand will be advantageous in the times where a total collapse happen like the Great Depression or SHTF situation which means that electric grids are down and electronic commodities will mean nothing, gold will retain its value. I agree that bitcoin wins as an investment but if the situation were to be flipped sure as hell that priorities will change. Another advantage of bitcoin is its space and storage, gold needs to occupy some space and can be susceptible to unfavorable elements like thiefs, burglars or housefires.

[palle11]

In recent years, investing in Bitcoin has been seen as a possible way to diversify one’s investment portfolio.

I know of this. Many do this either by trading or hodling to make additional money from their buying point. Well, it depends on how you see it.


But I think we are through with the discussion of bitcoin being gold or not.

[witcher_sense]

Bitcoin vs Gold, what is a better investment in your opinion?

Which is a better investment? To my way of thinking, neither the former nor the latter can be considered better than the other. Each investor has his own strategy, each one pursues different ends. Gold is a well-established store of value, while bitcoin is an emerging store of value. If you are a conservative investor whose goal is to preserve their wealth and mitigate the turmoil of their portfolios, then gold is your asset of choice. If you are an active investor who understands the risks that the cryptocurrency market is full of, then you definitely should try investing in bitcoin. As an emerging store of value, bitcoin is very volatile, and therefore investors should prepare for significant fluctuations in its price.

[Maus0728]

Why not have them both? bitcoin and gold can con-exist with each other and therefore it is not necessary to make comparison which one is exceptional in terms of investment. bitcoin being considered as in investment started only when its price reaches above $20, 000 which entice a lot of people or investors to view it as speculative asset grants them pretty good profits when in fact it is originally created as a "currency".

Both of assets have their own pros and cons anyways, it just depends on the risk appetite of people who are going to invest in them.

[ice098]

Why not have them both? bitcoin and gold can con-exist with each other and therefore it is not necessary to make comparison which one is exceptional in terms of investment. bitcoin being considered as in investment started only when its price reaches above $20, 000 which entice a lot of people or investors to view it as speculative asset grants them pretty good profits when in fact it is originally created as a "currency".

Both of assets have their own pros and cons anyways, it just depends on the risk appetite of people who are going to invest in them.

Precisely having gold and bitcoin at the same time as an investment were such a good thing to do. If i have an opportunity to avail both then i'll definitely wanted them but since i have a limited amount for my investment that's why choosing bitcoin as an investment for now well much better. Bitcoin today has become more good as an investment which provide a good investment portfolio and despite of pandemic crisis it still even getting more investors.

[blockman]

Bitcoin vs Gold, what is a better investment in your opinion?

It is best to have both of them. This is a bitcoin forum and most of us will say that bitcoin is a better investment than the other. No need to carry a heavy bar for your investment or keep it on a big vault. Investing in bitcoin is easy, no need for a huge vault to keep your assets.
A hardware wallet is enough to store even billions worth of bitcoin. But to focus on investing, I'll have more bitcoin or at least go with bitcoin all in and fine having no gold at all.

[tsaroz]

Bitcoin is already being considered the gold of crypto market. It is the gold standard which is trusted and know by all. Almost all of crypto are in one way or other compared to bitcoin. It may fall behind in some tech and some perks but it would always remain as the cryptocoin.
As of better investment, bitcoin surely has more potential than gold as it's limited and smaller in supply while supply of gold is ever rising.

[Vaskiy]

Having a diversified investment plan is always good than investing over a specific asset. Gold and bitcoin differ completely in terms of growth, but both are value assets that provide promised profit. Gold has got high liquidity, and the same helps people use it as a collateral. As of now bitcoin hasn't reached the level of using it as collateral. Based on this, I prefer both gold and bitcoin. Gold for security and bitcoin for profiting.

[michellee]

As I don't buy gold too often, I consider bitcoin is the "gold" of crypto investment. But I still prefer to have both bitcoin and gold together. Although I don't have many bitcoin and many golds, both bitcoin and gold are the best investment. If I can make a lot of money from bitcoin within the next bull run, I will try to buy more gold, whether for a small amount or medium amount, because I am sure that having bitcoin and gold can give me more chances to make money.

But I won't say that bitcoin is better than gold because bitcoin and gold are different, and we can not compare between bitcoin and gold. It is better to have bitcoin and gold for our own good. But I am sure that people will have their choice, whether to choose bitcoin or gold.

[ChrisPop]

From an objective point of view Gold has proven its reliability for ages, humanity using it to preserve wealth for  thousands of years. However we are now at a point in time when we make the transition to a new Era - the Digital Era.

Bitcoin is already over 10 years so it has a proven track record as well, but it can't be compared to Gold's.

Gold on the other hand suffers at the portability test, transaction costs and it does not have a fixed, limited supply. Who knows if we are going to find and mine Gold on asteroids in the near future?

If I had $10000 to invest in either of these two I would surely choose Bitcoin. It's just the better bet for the times we live in.

[kentrolla]

Definitely to me it's more than a gold, BTC is a precious gem gifted by Satoshi . To me BTC is a better investment for short-term gain but also you have the potential to lose huge money where as in gold it is stable investment which is almost a guaranteed return on your investment in long-term. I know risk is equal to reward but it doesn't make sense to use it in routine basis and it may become greedy. Everyone have their own opinion on this when compared to this to asset the best is to select on their own.

[erikoy]

both are good investment but I prefer on bitcoin over gold though we know gold is a tangible thing that could also be profitable holding gold over a period of time and I do not know why they assess the value of gold like that it keeps growing. However, if compared to bitcoin then gold is not really that profitable the problem is that bitcoin is more vatile and if you are new to bitcoin then high chancea yoi could lose money after gets emotional especially if bitcoin market fall down.

[CyberKuro]

In recent years, investing in Bitcoin has been seen as a possible way to diversify one’s investment portfolio.
As a result of COVID-19 and what’s happened to the stock markets, an intriguing question has been brought up:
is investing in Bitcoin as good as investing as gold?
Bitcoin vs Gold, what is a better investment in your opinion?

We can't say for sure that investing in one of those is better than another.
Because gold is a safe-haven asset against inflation with less risk while investing in bitcoin could be very profitable if someone buys at low and sells at high, and vice versa for people who buy bitcoin at the ath then the price crash gradually decline. Nonetheless, investing in bitcoin for a certain time very likely to gain more profit than invest in gold.

[harizen]

Bitcoin vs Gold is a topic that has been discussed for a long-time.

People have different preferences because of the fact that not all are crypto-oriented and vice-versa. Crypto is way more reachable by average investors as acquiring it can be done easily without a hassle process. If they found where they are comfortable with, then decide for themselves what to choose.

It's clear that bitcoin is the king of crypto so up to people if they will consider it as "gold of crypto investment".

[Fundamentals Of]

As far as crypto investments are concerned, Bitcoin is definitely the gold. But if we are to consider all the rest of the investment options including gold, I would not say Bitcoin rules them all. Bitcoin is one among many precious assets but I would not say it is better than gold in all aspects.

Investment portfolio diversified is always the best way to go and that means an investment portfolio should always include gold in it. Gold is proven with a very strong track record. I don't think a wise portfolio will not include it.

[lifeforcepools]

Bitcoin is probably not "gold". But you can call USDT "gold", you understand why. But to be serious, there are some common features.

[Dsdaq]

The world is becoming ever more reliant on the internet.
So it’s no surprise that Bitcoin, a secure, global, and digital currency has claimed the interest of investors.
Bitcoin is borderless and global

Let’s look to gold as an example currency. There is a limited amount of gold on earth.

As new gold is mined, there is always less and less gold left and it becomes harder and more expensive to find and mine.

The same is true with Bitcoin.
There will only be 21 million Bitcoins, and as time goes on, they become harder and harder to mine.
So if you are still looking for digital Gold don't look any where else it's BTC the KING 👑

[mk4]

Bitcoin is probably not "gold". But you can call USDT "gold", you understand why. But to be serious, there are some common features.

? ? ?

So USDT, an asset that's pegged to the USD, which decreases a significant percentage in value annually due to inflation, and is actually decreasing a lot more recently due to quantitative easing, for some reason is comparable to gold for you? I don't even see a single similarity in terms of their characteristics at all.

[ChiBitCTy]

For the one millionth billionth time, Bitcoin and Gold are NOT the same thing.  Asking the question "is investing in Bitcoin as good as investing as gold?" is completely misguided. 

Gold is a precious metal, it is used as jewelry, inside electronics etc.  Bitcoin is a cryptocurrency, an electronic means of payment.  Yes they both share the properties of being a financial asset and a store of value, but are very different things.  Gold is a much better store of value /hedge and shouldn't be compared.  The answer to the question whether you should own bitcoin or gold is simple...own both.