Has BTC really become more attractive than gold?

[Vincom]

If we look back at a time when Bitcoin wasn't a thing, you get to realise that access to gold wasn't easy and still isn't because you need to have some paperwork done if it goes above certain quantities which meant this was a problem for most people, but with the coming of our beloved digital gold .. owning Bitcoin is a flew clicks away and anyone can get their hands on some if not using some adult(18+) only platform(exchanges, gambling platforms etc).

Yes it has, because it's readily available to everyone around the world and you don't need to have a gold mine for it to be available or in this case a Bitcoin mine.

And other reason it's an attractive asset, it's because pricing is uniform regardless of were one comes from...unless you using a third party that will charge extra for their middle man fees... otherwise BTC is by far better than gold in terms of ROI, security needed, and ease of access.

In my country, buying gold bars can be easily done at precious metal stores, but storing gold bars can come with many risks, such as storage conditions and safety for the holder. The young do not feel comfortable with this and BTC is a more suitable option for them, as all they need to do is buy BTC through internet with a small amount of money easily and then store the private key carefully.

Although gold is more stable than BTC for the purpose of asset storage, BTC is completely superior to gold in terms of long-term investment.

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[ChiBitCTy]

Personally I don’t think one is necessarily better or more attractive than the other. They both serve their own purpose, different purposes, so I think they are both attractive in their own way. Personally if I’m someone with a large enough portfolio, I’m making sure that I own both gold and bitcoin.

[krishnaverma]

Bitcoin has proved to be a better investment than gold for sure because

1) If we just compare return wise, bitcoin beats every other investment option including gold. And we should not forget that gold took so much time to reach current stage. While bitcoin has exploded in just 10-15 years.

2) Safety wise also bitcoin is safe. To store large amount of gold, you have to spend lot of money on services like lockers. On the hand, you can store as much BTC you want safely with a simple hardware wallet.

[thecodebear]

Bitcoin has proved to be a better investment than gold for sure because

1) If we just compare return wise, bitcoin beats every other investment option including gold. And we should not forget that gold took so much time to reach current stage. While bitcoin has exploded in just 10-15 years.

2) Safety wise also bitcoin is safe. To store large amount of gold, you have to spend lot of money on services like lockers. On the hand, you can store as much BTC you want safely with a simple hardware wallet.

Yeah.


Bitcoin: easier to store, easier to secure, easier to buy, presumably in the future will actually be able to spend, and wayyyy more profitable

Gold: less volatile



So Gold is sometimes better for short term holding, like specifically during bitcoin bear markets, but I'd rather just hold dollars if I want something short term, because there is no way to know if Gold will go up or down short term).

[Marvell1]

Bitcoin has proved to be a better investment than gold for sure because

1) If we just compare return wise, bitcoin beats every other investment option including gold. And we should not forget that gold took so much time to reach current stage. While bitcoin has exploded in just 10-15 years.

Of course, in terms of profits, no investment can beat bitcoin and this is also the main reason why we choose bitcoin over gold or stocks. In addition, anyone can invest in bitcoin with a small capital and will have the opportunity to receive significant profits. Only bitcoin can do that, the remaining assets seem impossible.

2) Safety wise also bitcoin is safe. To store large amount of gold, you have to spend lot of money on services like lockers. On the hand, you can store as much BTC you want safely with a simple hardware wallet.

What you say is not wrong, but have you ever thought about the risk if you put all your assets in bitcoin and unfortunately you accidentally forget or lose the Seed Phrase. What will you do then? When it comes to safety, both will have advantages and disadvantages, Bitcoin is not necessarily superior to gold in every aspect.

[wiss19]

I don't think it is close to being more popular than gold, think about this, even though bitcoin's got a lot of press and online presence, the thousand year history of gold is still the biggest factor as to why bitcoin can't defeat gold in terms of popularity or attractiveness as an investment, my reasoning for this is because if you ever ask someone that has no idea about bitcoin or probably got some idea what bitcoin is but they didn't care about investing in it, they'd choose to invest or take the gold instead of bitcoin 10 times out of 10. Some might say that I'm wrong but you can probably test it out and people would choose gold over bitcoin even if you tell them that bitcoin's got more potential in growth.

It is close to the popularity of gold though it is not more popular than gold because gold existed long time ago and it is also more accepted than in BTC but who knows in the future? It might surpass it because the adoption for BTC is still spreading and IMO BTC is a little better than gold.

If someone already have an idea if what BTC is, then for sure they already know that it is worth it to HODL and in fact, this is what is happening now. I think almost 90 percent of BTC users are treating their BTC as an asset more than a currency but If they didn't care about investing in BTC, then chances are that they won't also have an interest of investing in gold and other valuable assets.

[YOSHIE]

Within the crypto community, BTC has earned the nickname "Digital Gold" due to the expectation that it can rival gold in terms of market capitalization,

Winning why Bitcoin is nicknamed digital gold, it's because the color is made like gold, but in terms of interest, of course it can't be the same, you can't hold Bitcoin, you can clearly hold gold and it's real, For me there is no competition between gold and Bitcoin, these two objects are like the real world and the supernatural world, one can be held and the other can't, but you can see it, the market is also not the same, one is real and the other is accessed via the internet.

But if you talk about Capitalization it is possible, for reasons of determining value, this is real in bookkeeping, in general Bitcoin can add to the values ​​of your assets quickly, but technically gold can be used as a long-term asset, Bitcoin is not like that, you need to review the capacity of the internet in terms of how long it will last.
This can be seen from the century before Christ, the internet did not exist, but gold already existed, while Bitcoin was created in 2009, very far from gold.
Conclusion:
Currently the internet is running smoothly, of course Bitcoin is an option as a means of investment, trading and mining, but not an option as a long-term savings asset.
The fact that gold from before Christ until now has become a real asset for society.

[mirakal]

Personally I don’t think one is necessarily better or more attractive than the other. They both serve their own purpose, different purposes, so I think they are both attractive in their own way. Personally if I’m someone with a large enough portfolio, I’m making sure that I own both gold and bitcoin.

Probably the best idea. Don’t compare bitcoin from gold as one is virtual while the other can be hold physically. Instead, learn to accept that both can be attractive and become highly valuable in their own ways. Otherwise, you cannot see gold or bitcoin investment up to these days if they weren’t that attractive and highly productive.

However, despite of bitcoin giving the highest ROI for majority, gold should not be overlook as well. Wealthy people buy tons of gold to increase their wealth, and the idea that if you wear a lot of gold jewelry in your body reflect your own wealth. Although this is being traditional, but I must say majority still aim to collect gold as much as they can.

[Sanitough]

Personally I don’t think one is necessarily better or more attractive than the other. They both serve their own purpose, different purposes, so I think they are both attractive in their own way. Personally if I’m someone with a large enough portfolio, I’m making sure that I own both gold and bitcoin.

You’re right then. Both bitcoin and gold can be much attractive as the other. While there are good profits with bitcoin, numerous amount of people also make decent profits from gold. Hence, both can be profitable in their own ways and purpose. So taking both sides as an investment may create multi profits in the future. The more you diversify your investment, the bigger the chances you’ll gain massive profits.

[Youngkhngdiddy]

  One bitcoin already is worth more than an ounce of gold. I can only assume you are referring to ‘value’ which accounts for things like usability, functionality, practicality, etc. Again BTC is already “better” than gold. You can buy lots of things with bitcoin, you don’t pay for your coffee with gold. You can draw interest on BTC similar to currencies and can be easily traded for other cryptos or dollars. Gold is only worth what it is relative to a currency, plus it’s heavy. All you need for BTC is your phone. Both are volatile commodities, granted BTC much more so these days. Bitcoin is a new breakthrough technology which is gaining prominence in the investing space but let’s look at different aspects to analyse if it can ever surpass gold as the dominant store of value. You can access your Bitcoins anywhere in the world, cross borders and board planes carrying it with you. It cannot be apprehended unless you leave it on exchanges.
  When looking at Bitcoin’s market cap’s growth potential, we need to understand that markets work on sentiment and if we agree that Bitcoin is a better Store of value, it is not going to suddenly replace Gold. The second factor is trust. Gold has earned tremendous trust, much more than Fiat currencies and various other assets. Bitcoin is yet to be accepted by the mainstream because it has been associated with illicit businesses. But with regulation and adoption, Bitcoin will be out of this shadow soon. But more importantly, as Bitcoin recently completed 10 years of existence, it has been proven to be the most secure and decentralized network in the world. Bitcoin’s network has never been hacked and it is a multi-billion dollar bounty up for grabs every day. Time builds trust and there is a tipping point beyond which Bitcoin will have gained enough trust for investors to sell their Gold and store their wealth in Bitcoin.

[Vincom]

Personally I don’t think one is necessarily better or more attractive than the other. They both serve their own purpose, different purposes, so I think they are both attractive in their own way. Personally if I’m someone with a large enough portfolio, I’m making sure that I own both gold and bitcoin.

I am not comparing BTC to gold, I am just presenting what I am seeing: many companies and traditional investors are turning their attention to BTC instead of just focusing on gold as before. For me, this is a positive sign because the demand to buy, own and accumulate BTC will increase, and the price and acceptance of BTC will also increase over time.

An investor can choose any asset he trusts. I think gold is a reserve asset, and BTC is an investment asset. So similar to you, I also believe that a large investor will have both BTC and gold!

[beerlover]

I did expected bitcoin to win, but didn't really expect it to be leading with 90%+ of the votes, that's a lot. I think it is quite important to realize that we are talking about something more than just what people prefer here, I think we are talking about something that will take a while.

Hopefully we could have something like this in real life as well, that could be very good for all of us, it should mean that bitcoin price will go up. Just imagine going higher than gold marketcap, that alone is nearly 10x higher price, and not like that can't happen, there is a possibility that it could very well happen. This is why I believe that we are going to end up with a good win eventually, but that win will come with time only, so we have to wait.

[leonair]

Personally I don’t think one is necessarily better or more attractive than the other. They both serve their own purpose, different purposes, so I think they are both attractive in their own way. Personally if I’m someone with a large enough portfolio, I’m making sure that I own both gold and bitcoin.

I am not comparing BTC to gold, I am just presenting what I am seeing: many companies and traditional investors are turning their attention to BTC instead of just focusing on gold as before. For me, this is a positive sign because the demand to buy, own and accumulate BTC will increase, and the price and acceptance of BTC will also increase over time.

An investor can choose any asset he trusts. I think gold is a reserve asset, and BTC is an investment asset. So similar to you, I also believe that a large investor will have both BTC and gold!

Bitcoin and Gold are two completely different things but both are very powerful assets one digital and one physical.  But nowadays people spend more time on internet and like virtual things more which is why people like Bitcoin a lot.  And if you invest in Bitcoin than gold, you get more profit and it can be sold very quickly, so investors' focus on Bitcoin is increasing day by day.  So I think bitcoin is more attractive than gold

[Yatsan]

I can't say no. Athough Bitcoin is a digital currency originally and that it still have adoption issues, Bitcoin became a powerful and popular asset to many people.  I'm not sure if it is "more" in comparison to gold given that there are investors of gold who are not into this blockchain technology and vice versa. But if you're a man between then yes, and obviously due to faster rate of increase in its market value. However, if it is with risk then Bitcoin for sure has it more due to price volatility. Attractiveness doesn't guarantee which one is better tho, it still depends on investor's preference; higher risk and high rewards or a more secure asset.

Personally I don’t think one is necessarily better or more attractive than the other. They both serve their own purpose, different purposes, so I think they are both attractive in their own way. Personally if I’m someone with a large enough portfolio, I’m making sure that I own both gold and bitcoin.

You’re right then. Both bitcoin and gold can be much attractive as the other. While there are good profits with bitcoin, numerous amount of people also make decent profits from gold. Hence, both can be profitable in their own ways and purpose. So taking both sides as an investment may create multi profits in the future. The more you diversify your investment, the bigger the chances you’ll gain massive profits.

Both clearly are profitable assets to be held for years. There are just differences with physical form, usage, and risks involved in these two. Diversification indeed is the key if you're in doubt but having your interest into things. No one is required to put everything in one bucket, right?

[Vincom]

I did expected bitcoin to win, but didn't really expect it to be leading with 90%+ of the votes, that's a lot. I think it is quite important to realize that we are talking about something more than just what people prefer here, I think we are talking about something that will take a while.

Hopefully we could have something like this in real life as well, that could be very good for all of us, it should mean that bitcoin price will go up. Just imagine going higher than gold marketcap, that alone is nearly 10x higher price, and not like that can't happen, there is a possibility that it could very well happen. This is why I believe that we are going to end up with a good win eventually, but that win will come with time only, so we have to wait.

The results only show that the majority think that BTC has become a more attractive investment asset than Gold due to its strong price increase and wide acceptance. It will be a long time before BTC cap can approach Godl cap because Gold is still the world's leading reserve asset.

However, we can be optimistic about the future of BTC: BTC is becoming stronger, noticed and chosen by individuals, organizations, companies, governments and one day may be on par with Gold in terms of reserve or investment allocation. Among the young people I know, most of them choose to invest in BTC instead of gold, and they are the ones who will soon inherit their parents' assets, they will help BTC become more popular and valuable.

[SickDayIn]

The key difference between Bitcoin and Gold, is the max supply available and the rate that the new supply enters the market. Yes the earth has a maximum supply of Gold, however the rate at which gold is mined and produced only increases year on year due to evolving change in technology to mine it from the Earth. Whereas Bitcoin, the supply is both limited and the rate at which it is entering the market is limited and diminishing over time. I think the market of Bitcoin will be worth more than Gold in due time.

[eightdots]

I don't think it is close to being more popular than gold, think about this, even though bitcoin's got a lot of press and online presence, the thousand year history of gold is still the biggest factor as to why bitcoin can't defeat gold in terms of popularity or attractiveness as an investment, my reasoning for this is because if you ever ask someone that has no idea about bitcoin or probably got some idea what bitcoin is but they didn't care about investing in it, they'd choose to invest or take the gold instead of bitcoin 10 times out of 10. Some might say that I'm wrong but you can probably test it out and people would choose gold over bitcoin even if you tell them that bitcoin's got more potential in growth.

We cannot know what the preferences will be like in the future, but I think it is not right to compare gold and Bitcoin. There are many investment instruments when investing and each investor invests according to his or her own preference. I do not think it is right to compare any two investment instruments with each other. Will we compare and choose an investment instrument that we have chosen now with another investment instrument in the coming years? There is no need to do this because there should always be diversity in investment and the investor should make his choice according to his own opinion.

[uneng]

Are you investing in BTC or gold?

I'm currently into BTC investment. Regards gold, I don't have any practical experiences, because I have never found an opportunity to start investing on it. It doesn't look an accessible investment when compared to Bitcoin, in my opinion.

Do you think BTC has become more attractive than gold in the investment sector?

Of course. Bitcoin has a much superior potential of profitability, while gold works more as a stable asset to maintain your money value along the time. Both are efficient against inflation, but Bitcoin has an additional advantage due to the fact it gets highly valuable on long run, although we still have to consider the volatility factor which usually plays against investors on short run... Anyway, I guess the decision of investing in gold or Bitcoin will really depend on the objective the investor has for his money: to maintain the patrimony stable or to grow it exponentially.

Have people like Peter Schiff accumulated a lot of BTC while still badmouthing BTC in the media?

That is something we can only speculate about. I believe there is every kind of people in the world. There are those who badmouthed Bitcoin genuinely believing on what they were saying and there are those who badmouthed Bitcoin in front of the cameras, while adopting it on the backgrounds. The most important thing is to never get too influenced by these personalities when choosing what to do with your money. You don't have to put all your eggs on the same basket, so why not try investments which these people despise? Maybe they are wrong and your intuition is right...

[Smartvirus]

Questions such as these will always be subjective. Should we look at it in terms of what forum users think, you would barely find anyone who would put gold ahead of Bitcoin. But, should you look at the world’s investing population and ask what is it they think between these two commodities; people would pick gold. That’s where you would find the majority and why? It’s because it’s government backed, gold have served for centuries and could be sued for decorative purposes as artifacts and jewelry.

Here right now, I’ll tell you both are doing okay for there spheres, no need bringing so much context to it. Even so, you wouldn’t find me buying gold for an investment, am in with Bitcoin.

[Vincom]

We cannot know what the preferences will be like in the future, but I think it is not right to compare gold and Bitcoin. There are many investment instruments when investing and each investor invests according to his or her own preference. I do not think it is right to compare any two investment instruments with each other. Will we compare and choose an investment instrument that we have chosen now with another investment instrument in the coming years? There is no need to do this because there should always be diversity in investment and the investor should make his choice according to his own opinion.

I am not comparing BTC to Gold because this has been presented by many members and financial experts. I just want to point out the trend of investing in BTC instead of Gold that is taking place with individuals, companies, and governments. This could be part of BTC's maturation as an investment and reserve asset. We have never seen this before 2020, but the participation of MicroStrategy and El Salvador has made BTC more popular and accepted.

Each investor will have the right to choose the asset that he trusts and loves, I believe that both BTC and Gold deserve to be in the portfolio of every investor