Gold gaining less attention to bitcoin

[GreatArkansas]

I do not really think it's because of Donald Trump at first for sure. There are a lot of things to consider about Bitcoin and not that some political thoughts.

The best example is how volatile and ROI Bitcoin has, in the safest explanation = high risk, high reward.

[hugeblack]

I don't know, but one of the strongest reasons will be the return on investment. There are expectations that the price of gold will be around $3,000 in 2025, based on the current price of around $2,600, with Trump's promises to reduce geopolitical tensions, high-risk investments will witness a revival against gold.

[xvacator]

That is because the chance of Bitcoin gives them more profit attract them to buy more Bitcoin. Gold still stable with the price while Bitcoin price increases so that is their reason to invest in Bitcoin. They are late to invest in Bitcoin in the early because they don't believe that Bitcoin can be like today. They underestimate the power of Bitcoin so they don't choose Bitcoin as their investment. But the situation is change now and makes them to raise their money to invest in Bitcoin

[Jawhead999]

It's normal, gold is accepted everywhere and we know it has a value, unlike Bitcoin which was invented 16 years ago and not all countries are accept Bitcoin. Bitcoin also outperform gold and other assets, which make people are interested with Bitcoin.

Bitcoin is the hottest investment in the current generation regardless it's on bear or bull season.

[m2017]

It is no longer new thing that Trump victory has caused major stir up within the market, such as gold losing over to bitcoin.

You are misinterpreting what is happening. It is not gold that has underperformed bitcoin, but bitcoin that has outperformed gold.

Lot of investors are in one way selling their gold to secure some portion of bitcoin.

Where did you get this information?

Bitcoin would give quick returns than Golden?

Gold has never been about making a quick profit. Gold is not something that makes a profit at all, but a way to store value, in a way, to freeze value.

Then why didn't they invested earlier?

Why? Because they are idiots non-believers (in BTC)! They waited for the hype to start so they could buy at exorbitant prices.

Bitcoin could soon become a legal tender?

Come on, seriously? Do you expect this?

I'll tell you that no government will allow this. Not even the one that feigned loyalty to the bitcoin during the elections.

Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Gold has never been more profitable than the bitcoin and no sworn will change that.

[HelliumZ]

It is no longer new thing that Trump victory has caused major stir up within the market, such as gold losing over to bitcoin.
Lot of investors are in one way selling their gold to secure some portion of bitcoin.

What do you think could be their reasons;

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?
Bitcoin could soon become a legal tender?
Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Let's discuss to share opinions.

Yes it is true that bitcoin is gaining more popularity than gold especially few days ago bitcoin was below 60 thousand dollar but after Donald Trump win bitcoin is jumping above 93 thousand dollar where nothing in the world can give so much profit so fast. However, investors who invested in gold may be selling gold and investing in bitcoin because of the high profits in bitcoin. Many gold investors have already shifted to Bitcoin. Be that as it may, because it is not possible to get the same amount of profit from investing in Bitcoin as from investing in gold.

[Tyr808]

With an US senator proposing getting rid of gold reserves to replace them with bitcoin, will be interestkng to see what Trump does

[Cookdata]

It is no longer new thing that Trump victory has caused major stir up within the market, such as gold losing over to bitcoin.
Lot of investors are in one way selling their gold to secure some portion of bitcoin.

What do you think could be their reasons;

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?
Bitcoin could soon become a legal tender?
Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Let's discuss to share opinions.

How old is Bitcoin and how Old is Gold? That's the question. Bitcoin is less than a 2 decade old and Gold is many times decades years back as I can remember. The thing is every market has its time, Bitcoin isn't Gold and Gold isn't Bitcoin, they are two separate entities both looking for expansion, while Gold is regulated Bitcoin isn't and it's decentralize. If Gold is to be what Bitcoin is today, it will be bigger than where it's right now but it has been all about centralization.

I am happy that Bitcoin is flying in colour's, the price is making everyone happy and looking what lies ahead of this new coming government but I'm already seeing skme red flags. Russia is trying to make regulations around taxes to be 15% and I'm sure more people will roll out more of this. Government are very smart, it's when Bitcoin is doing well you will see them making some moves just to eat from where they never sow.

[crwth]

Well, I don't speak for anyone who owns gold, just jewelry, but the return in BTC compared to Gold is definitely faster. The volatility of gains is somewhat attracting people, and that's why there are people who are shifting their assets to BTC.

Maybe it could be a different perspective for the person as well. Seeing BTC as mainstream might have changed it to the value that it has and not just some "digital money."

For me the best thing about BTC is that its a hedge against inflation. Having a fixed supply really is a game changer, in my opinion. It's not that we will reach it, but knowing is essential.

[2Pizza410000BTC]

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?

Well, without any doubt. Bitcoin has proven itself as more profitable for investors throughout those years than gold and there's no doubt if someone invests in Bitcoin then that person will get quicker and higher profits then the ones who invest in gold. The ones who haven't invested in it earlier were skeptical and now they're investing due to FOMO.

I will not deny that gold investment is not a profitable investment but gold investment is not profitable to bitcoin. We can see how Bitcoin has been rising for the past few months but the price of gold has never risen like this so every Bitcoin investor is now in a very profitable position. I have gold investments and bitcoin investments but if I had invested in bitcoins instead of gold I could have bought twice as much gold today with that bitcoin profit. I would definitely vote for bitcoin investment if there was a voting system.

[Popkon6]

It is no longer new thing that Trump victory has caused major stir up within the market, such as gold losing over to bitcoin.
Lot of investors are in one way selling their gold to secure some portion of bitcoin.

What do you think could be their reasons;

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?
Bitcoin could soon become a legal tender?
Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Let's discuss to share opinions.

Investing in bitcoin is several times more profitable and less risky than investing in gold, which is why selling gold and holding bitcoins is the current trend. At present the price of Bitcoin has received the most attention due to which other investors are more inclined to invest in Bitcoin. But I think that the most success is achieved by holding Bitcoin alone, those who invested in Bitcoin at the beginning of October have made several times more than the current investment.

[Z_MBFM]

It is no longer new thing that Trump victory has caused major stir up within the market, such as gold losing over to bitcoin.
Lot of investors are in one way selling their gold to secure some portion of bitcoin.

What do you think could be their reasons;

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?
Bitcoin could soon become a legal tender?
Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Bitcoin is definitely give quick return then gold but Bitcoin is highly volatile digital coin so there are also high risk when you invest on Bitcoin. Gold price increase slowly but price do not decrease too much it can be maximum of 10% but Bitcoin price decrease very quickly as price increase. we seen past history of bitcoin. after make a ATH Bitcoin price decrease up to 60-70% so i didn't thik it is good idea to sell gold and then that money invest on Bitcoin. anyone can invest on Bitcoin as much as they are afford to invest for long term and also loss

[Zwei]

Investing in bitcoin is several times more profitable and less risky than investing in gold, which is why selling gold and holding bitcoins is the current trend. At present the price of Bitcoin has received the most attention due to which other investors are more inclined to invest in Bitcoin. But I think that the most success is achieved by holding Bitcoin alone, those who invested in Bitcoin at the beginning of October have made several times more than the current investment.

i strongly disagree. imo, it's the opposite, gold is a less risky investment with a long track record, established markets and use cases, etc...
bitcoin, on the other hand, is relatively new and more speculative, it does offer higher profitability but it also comes with higher risk.

With an US senator proposing getting rid of gold reserves to replace them with bitcoin, will be interestkng to see what Trump does

we all know that's never going to happen. at best, they might create a bitcoin reserve funded by selling some of the gold, but getting rid of the gold reserve would be pure stupidity.

[Smack That Ace]

With an US senator proposing getting rid of gold reserves to replace them with bitcoin, will be interestkng to see what Trump does

They do not propose removing gold from reserves and using bitcoin to replace gold. Senator Lummis has proposed selling 10% of gold reserves to buy 1 million bitcoins equivalent to 5% of the bitcoin supply to diversify the national reserves. And we should be realistic that this is just a senator's proposal and we need to wait and see how it plays out, it's still too early to say that it will become a reality because it needs to be passed by Congress before it can be approved by Trump.

To be fair, gold will hold the top spot when it comes to safe havens and no other asset can replace it, not even bitcoin. Bitcoin is still a highly volatile investment and as long as it remains highly volatile don't expect it to replace gold. Gold may yield higher returns than gold but it cannot replace gold as a safe haven and governments need a safe haven rather than a speculative asset.

[MarjorieZimmermanGinger]

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?

Bitcoin is quite speculative so there are many people who may still be very hesitant to buy it. But over time bitcoin has gained a much bigger place in terms of adoption so that now bitcoin is much more developed.

Bitcoin could soon become a legal tender?

For most countries I still doubt that bitcoin will become legal tender because every country has an official currency that is regulated in the law so to make bitcoin a legal tender will require a revision of the law that needs to be approved by parliament.

Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

But gold is much more stable and most people still believe in gold as a much safer investment. I am not so sure after he is inaugurated gold will not be profitable because this has been going on for a long time and gold is still the best choice for most people.

[Minor Miner]

Investing in bitcoin is several times more profitable and less risky than investing in gold, which is why selling gold and holding bitcoins is the current trend. At present the price of Bitcoin has received the most attention due to which other investors are more inclined to invest in Bitcoin. But I think that the most success is achieved by holding Bitcoin alone, those who invested in Bitcoin at the beginning of October have made several times more than the current investment.

i strongly disagree. imo, it's the opposite, gold is a less risky investment with a long track record, established markets and use cases, etc...
bitcoin, on the other hand, is relatively new and more speculative, it does offer higher profitability but it also comes with higher risk.

That's just the exaggeration and bias of a bitcoin investor, LOL. How can a highly volatile and speculative asset be safer than one that has been around for thousands of years and is recognized worldwide? The higher the return, the greater the risk and Bitcoin is no exception. We should be realistic and fair instead of exaggerating because that doesn't change the fact that bitcoin can give better returns but is not safer than gold.

With an US senator proposing getting rid of gold reserves to replace them with bitcoin, will be interestkng to see what Trump does

we all know that's never going to happen. at best, they might create a bitcoin reserve funded by selling some of the gold, but getting rid of the gold reserve would be pure stupidity.

As far as I know, the US has never sold its gold reserves in the last 100 years and they are even planning to buy more. So the scenario where they sell gold to buy bitcoin and replace it into national reserves is not going to happen, you are right.

[summonerrk]

It is no longer new thing that Trump victory has caused major stir up within the market, such as gold losing over to bitcoin.
Lot of investors are in one way selling their gold to secure some portion of bitcoin.

What do you think could be their reasons;

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?
Bitcoin could soon become a legal tender?
Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Let's discuss to share opinions.

Gold is included in the assets that are bought when everything is bad in the world. Now everything is not so bad, and we see that Bitcoin is updating its new highs in price. This means that people are not trading with their last money, but are ready to invest in high-risk assets, such as altcoins. And I think that cryptocurrencies in general do not believe in gold, because we will all earn faster in cryptocurrencies, there are dozens of ways to do this. And gold, for example, in my country is sold with an incredible spread, which makes its short-term purchase an unprofitable investment.

[Marvell1]

Lot of investors are in one way selling their gold to secure some portion of bitcoin.

Can you provide data to prove this? Because according to the news I just read, the price of gold suddenly increased again due to concerns that the conflict between Ukraine and Russia increase. This shows that the demand for gold has never decreased and will always increase if the world is unstable.

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?

Yes, bitcoin is so new and small cap that it will definitely outperform gold in terms of returns. But small caps often come with high volatility and not everyone likes high volatility as much as we do. Many big investors prefer safety over volatility, only most small investors prefer volatility because it makes it easy for them to make big profits from small capital.

Bitcoin could soon become a legal tender?

Honestly, I'm not optimistic about this and I can't think of any reason why the government would do so.

[RockBell]

It's normal, gold is accepted everywhere and we know it has a value, unlike Bitcoin which was invented 16 years ago and not all countries are accept Bitcoin. Bitcoin also outperform gold and other assets, which make people are interested with Bitcoin.

Bitcoin is the hottest investment in the current generation regardless it's on bear or bull season.

Gold might have less attention than bitcoin but if you look at it when it comes to the one respected the more will not be more than gold and gold have been used as money for a very long time because if you look at it the in past centuries gold have been their so gold will be given more acknowledgment than bitcoin and bitcoin is just 16 years hold compare to gold thay have been their for ages, their are more factors that made bitcoin to have more recognition than gold its digital and comes with more features compared to gold even if they have digital gold.

And the way thing are going if they should keep bitcoin and gold which do you think people will go for it will definitely be bitcoin because even the rise in value of this two can not be compared when bull run starts which we are currently experiencing you should understand what am talking about, their is always a rapid increase in price so their is more to bitcoin than gold its bitcoins time.

[Mia Chloe]

I don't know, but one of the strongest reasons will be the return on investment. There are expectations that the price of gold will be around $3,000 in 2025, based on the current price of around $2,600, with Trump's promises to reduce geopolitical tensions, high-risk investments will witness a revival against gold.

You have a point here. Bitcoin is decentralised unlike gold that is centralised. Long time ago Gold used to be a regular precious metal that was relatively easy to acquire compared to now. The thing is as time passed gold gradually got centralised by the government and higher up by gradually controlling it's supply with demand increasing too. The idea is it wouldn't be very difficult for the government to adjust the price of gold besides gold too is quite volatile as those trading it in Forex metals will understand that fact.

For the government to alter the price of gold they'll just have to limit it's supply and currently with it's high demand today, price will definitely increased based on the concept of simple economics.