BTC is scarcer than gold.

[noormcs5]

Gold is not really scarce, just look at any graph about production of gold, it's getting more common every day.

Bitcoin on the other hand has a known pattern for creating new blocks....

Tick, Tock, another block!

And these rewards keep getting smaller over time!.

No this is not true. Gold is mined and discovered every day and we do not know the maximum supply of gold. Even though bitcoin is also mined daily but there is a maximum limit on bitcoin supply.
Secondly, there is not only about scarcity but it is also about purity. With bitcoin, you are 100% sure that it is genuine bitcoin but there is an element and risk of impurity in gold.

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[cryptosize]

No this is not true. Gold is mined and discovered every day and we do not know the maximum supply of gold. Even though bitcoin is also mined daily but there is a maximum limit on bitcoin supply.
Secondly, there is not only about scarcity but it is also about purity. With bitcoin, you are 100% sure that it is genuine bitcoin but there is an element and risk of impurity in gold.

Even though I prefer BTC compared to Gold, there are other potential issues with the former:

https://itscryptonews.com/industry-execs-claim-freshly-minted-virgin-bitcoins-fetch-20-premium-2/

[skarais]

No this is not true. Gold is mined and discovered every day and we do not know the maximum supply of gold. Even though bitcoin is also mined daily but there is a maximum limit on bitcoin supply.
Secondly, there is not only about scarcity but it is also about purity. With bitcoin, you are 100% sure that it is genuine bitcoin but there is an element and risk of impurity in gold.

Regardless of how people convince something about gold or bitcoin, but I just think these two assets are good choices to invest in. Gold has been known for longer as an investment asset as well as a means of payment than bitcoin, but when we want to know which is the best of the two then it just depends on which asset you tend to trust.

Bitcoin has a limited supply of only 21 million, but gold is very difficult to know when it will run out because the number will continue to grow every day. It's up to us to profit from which assets between the two, but what is certain is that both are investment assets that are worth considering.

[sklopan]

For me, gold is a more solid investment, so to speak. I think that in fact, with the right approach, the result can be obtained by investing in cryptocurrency, but still.

[Slow death]

When people watch a video clip of a North American singer, the person looks at the North American singer's neck and sees: "A lot of gold hanging on the neck" at that time the person understands well how thousands of people will always buy gold, gold It has application in the real world, it is not just a store of value, it is not just something to trade in the market, it is something that has application in the real world and this has been happening for years. Who doesn't want to own a gold ring? Who doesn't want to own a gold bracelet? Who doesn't want to have a car plated with pure gold? Who doesn't want to have a bar of gold at home?

We have to admit that gold is a good thing and we cannot compare gold vs bitcoin. each of the things has advantages and disadvantages. Bitcoin still has a long way to go to reach the level of adoption that gold

For me, gold is a more solid investment, so to speak. I think that in fact, with the right approach, the result can be obtained by investing in cryptocurrency, but still.

I agree, cryptocurrencies are a high risk investment, and honestly it's the kind of thing that people should be very careful with when dealing with them. I like bitcoin but this market needs to mature a lot, this always reaching ATH and then falling more than 50% is definitely becoming a big danger

[doomloop]

Bitcoin has come to stay here on the planet Earth surface, which is a digital asset, where demand is very high than supply in the near future, total supply 21,000,000 Bitcoins, will be very high scars. and Bitcoin is going to be scars than Gold.

Thank you very much, that is exactly my point, if statistically it is correct that we have roughly about 10% left of bitcoin to mine, that means that whenever that period of time comes,  there will be a very high scarcity in Bitcoin, Gold on the other hand is a naturally occurring substance. So, when that time comes when there will be just 10% left of the Bitcoin to be mined, I strongly believe that in that moment, we should expect a high demand in quantity possession of Bitcoin and then there will be lesser supply of it, which in turn means but Gold still retains its availability.

[Next-door]

TODAY XAUUSD MARKET ANALYSIS

Gold climbed back on Friday morning but it is little changed at 1869 with the key NFP print due later. The main driver or the key change in the market remains the rising Treasury yield. U.S. 10-year Treasury yield stabilized at 2.924%. Equity markets are pushing higher, cooling down the demand for the dollar, and helping the Gold edge higher.  
The dollar stays on the back foot amid worries that the NFP might add the smallest number of jobs since April 2021.  
 Investors remain on edge as some fear the pace of US monetary tightening could throw the world’s largest economy into a recession.
Today May labour report is likely to show the smallest gain in jobs since April 2021 alongside a downshift in average hourly earnings growth. If the number comes and intensifies the worries, it could be a double-sword for the gold. If worries quickly translates into a global recession risk, it could in turn boost the safe-haven dollar, which could lead the Gold lower. But if it is only moderately  lower, it might weigh  more on the dollar, therefore releasing some upside for the gold.

[Cookdata]

For me, in general, gold is the most stable investment option. I think that at the present time gold is a really reliable and stable option.

Gold is stable because the elite controls the market and it's heavily centralized, there is nothing interesting about it. Under 4 years, Bitcoin performance has beat that of gold 5 times and gold has been unable to cross its previous all time high.
Gold supply is infinite, you can't estimate the total amount of gold in the world, there are some people with hidden wealth under gold that don't want the rest of the world to know what is in their possession, and some have been hidden by generations but bitcoin is different, no matter how you want your bitcoin to be hidden from the rest of the world, the supply will remain 21 million, some are lost forever due to private key issues and 100 bitcoin that had the same transaction ID.

[Flexystar]

I believe the cost of mining from the asteroids would be huge and its almost impossible for time being. We don't have technological advancement otherwise we already know which plant has biggest source of ethanol, minerals, gold and what not. There are so many moons of different planets who are capable of all of these but its not economical. We would end up paying more for tech and fuel before we can make it there.

However, I only agree on bitcoin side. Yes its limited in supply, there is no way to extend it any further and thus seems to be reasonable asset for long holding. Thats the reason many of them are whale investors, they just thinking about simple demand and supply formula irrespective of its use case.

[Luzin]

Gold is not really scarce, just look at any graph about production of gold, it's getting more common every day.

Bitcoin on the other hand has a known pattern for creating new blocks....

Tick, Tock, another block!

And these rewards keep getting smaller over time!.

But Gold is already recognized by the world regarding its value. Even Gold has become a reserve asset for countries in the world. Even Gold has become an investment tool for the villagers. Even they can reach it more easily. As for Bitcoin, there is no agreement yet on Bitcoin, each country has the right to determine what they do for bitcoin. Not everyone is familiar with Bitcoin yet. Even many people are not familiar with the basics related to BTC. That's because the quality of the world's natural resources has not been evenly distributed. That is a slight difference from BTC and Gold. So far BTC is only an alternative investment other than Gold by the world community.

[cryptosize]

Bitcoin is the defacto digital currency of planet Earth.

It cannot exist anywhere else (even Mars) due to TCP/IP limitations (latency).

[uneng]

Hard to compare both. I believe physical, palpable precious metals will always be more important than virtual goods such as bitcoin. And although we don't know how much gold there is disponible in the universe, it's a fact gold is still very scarce and difficult to acquire.

There is a lot of gold hidden in the depths of this world yet, but it doesn't mean we know how to access or have the means to access that. On the other hand, with bitcoin it's simpler, as all you have to do is to set a virtual mining farm operation to start earning and accumulating your satoshis. That means bitcoin is more accessible and reachable than gold.

[DeathAngel]

Bitcoin is scarcer & also better than good in every conceivable way. You can’t take $1,000,000,000 worth of good on a plane in your suitcase, can you. Bitcoin is the future of money, gold is a dinosaur as a store of value. You also can't pay for many things directly with gold.

[nullama]

I think the only crucial difference between gold and bitcoin is that you can touch and see only one of them.

I personally think that's a pro for bitcoin, but for some people that's a pro for gold.

[glendall]

gold can be made as a bitcoin symbol, and bitcoin is intangible so I don't think there is a need to compare bitcoin and gold which is for sure real gold one day it will definitely be eroded because it is owned by everyone

[Adbitco]

Can I say more gold can be fin or discovered, but I want to ask; can You and I detects if my country minings Gold or having Gold underground?
It can be yes or No. At this point we can't tell how much Gold left but Bitcoin we already knows the total volume or values left which you and I still stands in a better chance to acquired it. For sure bitcoin is taking place to be the number one among all.

[Freeveto]

For sure can't compare Bitcoin that has a limited supply of (21M) to be in existence to Gold.
We only know the number of already mined gold in circulation but not know those that are yet to be mined .
For instance the Northern side of my country there are a lot of Gold mined every day which are not taken into account.
Therefore due to the continues discovery of gold because it's a natural endowment Bitcoin is indeed scarcer than Gold.

[djangofan]

Gold supply is not verifiable.  Supply and price is therefore easily manipulated through paper markets.   Even if you had Gold in your hands, you might need to melt it down and recast, just to be sure.

Without that important property of money, it's worthless.

Bitcoin on the other hand, happens to be 100% physically verifiable.   Just check against one of the copies of the ledger.

[Bitcoinking99]

I think Bitcoin is an easy investment. Bitcoin is being used more than gold. It is often the case that everyone holds Bitcoin for profit in cryptocurrency. Again I think It is better to invest in both gold and bitcoin. If you want to invest in Bitcoin, you can invest in Bitcoin at home.

[Spack17]

Gold may be used more than bitcoin around the world. Gold is a mine that has been used in every field since ancient times. But bitcoin is a currency that has emerged in recent years. Bitcoin also has mining, but it isn‘t easy to replace gold for now. There are a lot of gold in the world and will continue to be used for many years to come.