Before they talk of gold but now also bitcoin

[uchegod-21]

It is good that Bitcoin is now being talked about, low income earners can now invest as opposed to gold and and other forms of investment that requires large amount of capital. This is not just a comparison, but a reality and everyone is entitled to choose what they prefer.

As for volatility, many still fear volatility and the bear season till date, especially this same low income earners. Many who understand how Bitcoin works do not necessarily need to panic. That is why to overcome that fear, they have to take out time to understand Bitcoin very well.

Anyone who chooses gold over Bitcoin is not a hater, he understands gold better and is more comfortable dealing with the risks involved with gold than Bitcoin.

[Merit.s]

Now they are considering Bitcoin or other cryptocurrencies as one of those safe or profitable assets.

Don't get it twisted, only bitcoin has proven to be a store of value overtime and not shitcoins. Shitcoin is for gamblers and not for investors.

Bitcoin is the lastest asset in our Era that has gained popularity within the wealthy investors and companies in a little period of time. Look at how people have taken  it upon themselves to preach the good news of bitcoin to the public. I am really impressed that bitcoin is proving to the world how great her potential is.

[Zigabel]

Billionaire Ray Dalio Urges Investors to Allocate 15% of Portfolios to Gold and Bitcoin

You can click on the link to read it but that topic title and what is written on the link explain it easily.

Just that bitcoin is easier to buy than gold and I prefer it.

Be careful of bear market but bitcoin will grow in long term.

The ease with which one can acquire Bitcoin make Bitcoin always a very preferable choice, and it is relatively affordable as compared to Gold, if you want to buy Gold in some places you need almost a $100 dollar at least but with Bitcoin you can get it anywhere with $10, so it is for me a even more preferable investment due to the flexibility i can get with it an dhow well i can easily access it when i want much more than i will with Gold.

The Bear market is always inevitable with Bitcoin its  left for the investors to be mindful and not allow it affect your portfolio so bad but then if it does, you can be patient enough and it can be recovered when there is a bull market, as Bitcoin does alternate between the bull and the bear market.

[hero_the_bossman]

Now they are considering Bitcoin or other cryptocurrencies as one of those safe or profitable assets.

Don't get it twisted, only bitcoin has proven to be a store of value overtime and not shitcoins. Shitcoin is for gamblers and not for investors.

Bitcoin is the lastest asset in our Era that has gained popularity within the wealthy investors and companies in a little period of time. Look at how people have taken  it upon themselves to preach the good news of bitcoin to the public. I am really impressed that bitcoin is proving to the world how great her potential is.

Even though BTC is the biggest of them all to get the most attention and appreciation, the govs would be more inclined to look for something more susceptible to control.

Don't forget about "strategic reserves" of XRP, SOL, and ADA, after news related to BTC.

 

[Felicity_Tide]

The investor suggested that he is “strongly preferring” gold over Bitcoin, adding that he doubts any central bank would take the cryptocurrency on as a reserve currency, “because everybody can understand and watch who is doing what transactions on it, so there’s no privacy to it.”

Dalio also argued that there are “doubts” over whether “the code can be broken” or whether Bitcoin’s protocol could ever be changed to make it “less effective” as a store of value.

“I have gold and I have some Bitcoin, but not much.”

The statements quoted above are some of the few points I could pick out. I perceive bias in his tone even though he tried as much as possible to be neutral. I don't think the original article title even aligns much with what Dalio said, because there was part of the article that says "Bitcoin or gold", which even aligns more with everything that has been said.

If transactions are available for everyone to see, how does it even relate with central banks not making it a reserve?. This ain't some centralized bullshit that only one party can mess with, without others knowing.

He was actually making some point about the government and debts from the article shared, but the comparison isn't making much sense to me honestly. Maybe someone else understands what the article says from a different view... Which I really look forward to a better explanation.

[xzone]

Although he did emphasize that he prefers gold over bitcoin, this is understandable because, ultimately, he still wants to invest as a hedge against the economy. On the other hand, he also realizes that if he wants to play it a little safer (in terms of risk), then gold is the better choice compared to bitcoin, which we all know still carries a very high risk.

However, the key point is that an increasing number of people are becoming aware that, given the current economic conditions and the declining value of fiat currency, there must be an option for economic protection.
The article does mention doubts about banks adopting cryptocurrency as a reserve asset, but I don’t think we need to make this seem like a crucial issue. Even if it were to happen, it would be positive, but even if it doesn’t, Bitcoin will remain the same as before. Over the past decade, despite banks not paying much attention to it, Bitcoin has remained stable and its popularity has continued to grow each year.

From the government's perspective, bitcoin isn't a good investment, and many investors share the same view. Something worth 120k dollars today could drop to 50k tomorrow; such a risky investment doesn't make sense for most people. Gold prices are fixed and will always remain at a certain level. We've never seen the price of gold fall. While there may be small dips on some days, it always yields returns in the long run.

The situation is similar with bitcoin. Looking at annual increases, it consistently yields returns, but it never portrays the same reliability as gold

[melinoe]

Although he did emphasize that he prefers gold over bitcoin, this is understandable because, ultimately, he still wants to invest as a hedge against the economy. On the other hand, he also realizes that if he wants to play it a little safer (in terms of risk), then gold is the better choice compared to bitcoin, which we all know still carries a very high risk.

However, the key point is that an increasing number of people are becoming aware that, given the current economic conditions and the declining value of fiat currency, there must be an option for economic protection.
The article does mention doubts about banks adopting cryptocurrency as a reserve asset, but I don’t think we need to make this seem like a crucial issue. Even if it were to happen, it would be positive, but even if it doesn’t, Bitcoin will remain the same as before. Over the past decade, despite banks not paying much attention to it, Bitcoin has remained stable and its popularity has continued to grow each year.

From the government's perspective, bitcoin isn't a good investment, and many investors share the same view. Something worth 120k dollars today could drop to 50k tomorrow; such a risky investment doesn't make sense for most people. Gold prices are fixed and will always remain at a certain level. We've never seen the price of gold fall. While there may be small dips on some days, it always yields returns in the long run.

The situation is similar with bitcoin. Looking at annual increases, it consistently yields returns, but it never portrays the same reliability as gold

Yep, that's why companies mostly take advantage of that: they are more open to such "risks", knowing that the returns would be higher on it anyway.

After all, they want profit more than anything.

[hyudien]

Government debt and its economic effect are gradually taking them down to the right side. Bitcoin was created when the world needed it the most, and now that the debt rate is increasing, it's time for them to look for an alternative to gold, and in time to come, they will consider Bitcoin primary and gold as a secondary option.

In the article, the man stated that Bitcoin should be treated with caution, as it doesn't consider any central bank using it as a reserve, but we don't really need banks to use Bitcoin as a reserve before it can prove it's worthy of investment. Institutional investors are already holding large quantities of Bitcoin, which has its own disadvantages; we don't need central banks to come in.

Because they will not survive if they continue to hold gold without any flexibility in control. That is why Bitcoin came along to offer a solution that slowly provides the answer as to why investing in Bitcoin is the second option after gold. Ray Dalio has a fairly influential financial background, especially in the field of hedge fund assets. I am sure he would not mention Bitcoin unless he had secretly invested in it.

[sheenshane]

From the government's perspective, bitcoin isn't a good investment, and many investors share the same view. Something worth 120k dollars today could drop to 50k tomorrow; such a risky investment doesn't make sense for most people. Gold prices are fixed and will always remain at a certain level. We've never seen the price of gold fall. While there may be small dips on some days, it always yields returns in the long run.

The situation is similar with bitcoin. Looking at annual increases, it consistently yields returns, but it never portrays the same reliability as gold

But why do investors often invest when they see a market bull run?  Is it due to FOMO?
Look at what the OP shared, they are starting to talk about Bitcoin, whereas before it was all about gold.
Is it simply that "to see is to believe" mindset?

As we know, bull runs usually come with increased media coverage and positive news, which boosts public interest and confidence in Bitcoin as an asset.  
The same applies to the link that OP shared, this billionaire investor, Ray Dalio, has fallen victim to FOMO, which has now decided to include Bitcoin investment, seeing the price currently having a new ATH.

[finaleshot2016]

The narrative of bitcoin as a digital gold still remains, people will still remember this over and over and experts will compare these two things. Gold is a good investment in the early days, these are the sign of having a good generational wealth and look how strong and high the price of gold right now. Same thing to bitcoin who built its foundation in the bottom and now we're here having a global recognition, major countries putting money to it. That's why we're still on the pathway of the digital gold narrative, they still buy that narrative, 'cause it's the same purpose but intagible.

[Liliana1304]

It is good that Bitcoin is now being talked about, low income earners can now invest as opposed to gold and and other forms of investment that requires large amount of capital. This is not just a comparison, but a reality and everyone is entitled to choose what they prefer.

As for volatility, many still fear volatility and the bear season till date, especially this same low income earners. Many who understand how Bitcoin works do not necessarily need to panic. That is why to overcome that fear, they have to take out time to understand Bitcoin very well.

Anyone who chooses gold over Bitcoin is not a hater, he understands gold better and is more comfortable dealing with the risks involved with gold than Bitcoin.

Investing in Bitcoin requires that you know it would not suddenly stop being volatile just because you're a low income earner. This means that you've already prepared your mind for what's going to follow and I regard the volatile nature of Bitcoin as the thing that makes it exciting, different from every other form of money.

People who are now including Bitcoin into the equation have now understood that it's something worth talking about, it has proven that it deserves to be considered as competition alongside Gold.
Some people refer to Bitcoin as the digital gold, while others would prefer it in it's raw form so it's a matter of choice.

[TheUltraElite]

Bitcoin is in the all-time-high riding the wave and thus people are coming from every nook to say something to reach the headlines while riding the wave.

You will not see millionaires speaking good about bitcoin when the market is bearish but everyone flocks in when the bull market is ongoing. You can call this coincidence or that these are linked in some manner so that person speaking about it can also sell at a profit.

But of course just like gold, bitcoin is for the long term and should be bought - but maybe not at the high.

[uchegod-21]

It is good that Bitcoin is now being talked about, low income earners can now invest as opposed to gold and and other forms of investment that requires large amount of capital. This is not just a comparison, but a reality and everyone is entitled to choose what they prefer.

As for volatility, many still fear volatility and the bear season till date, especially this same low income earners. Many who understand how Bitcoin works do not necessarily need to panic. That is why to overcome that fear, they have to take out time to understand Bitcoin very well.

Anyone who chooses gold over Bitcoin is not a hater, he understands gold better and is more comfortable dealing with the risks involved with gold than Bitcoin.

Investing in Bitcoin requires that you know it would not suddenly stop being volatile just because you're a low income earner. This means that you've already prepared your mind for what's going to follow and I regard the volatile nature of Bitcoin as the thing that makes it exciting, different from every other form of money.

People who are now including Bitcoin into the equation have now understood that it's something worth talking about, it has proven that it deserves to be considered as competition alongside Gold.
Some people refer to Bitcoin as the digital gold, while others would prefer it in it's raw form so it's a matter of choice.

Bitcoin is in no competition with any other asset class or currency, it is in its own league. People will invest in bitcoin because it has value, it hedges against inflation and they trust it, not because they feel it is better than gold. There are some gold investors who are doing better than Bitcoin investors. The most important thing in choosing your preference amongst these two is in you assessing your risks tolerance and going for what suits your personality and risks tolerance.

[Callido]

From the government's perspective, bitcoin isn't a good investment, and many investors share the same view. Something worth 120k dollars today could drop to 50k tomorrow; such a risky investment doesn't make sense for most people. Gold prices are fixed and will always remain at a certain level. We've never seen the price of gold fall. While there may be small dips on some days, it always yields returns in the long run.

The situation is similar with bitcoin. Looking at annual increases, it consistently yields returns, but it never portrays the same reliability as gold

Once there is no likeness for Bitcoin that is when it will be perceived that way, how about seeing Bitcoin at $50k today and before the bull season drops the price of Bitcoin must have increased above $120K. If the government can invest millions of dollars during the bear season and wait for a minimum of a cycle, at least making double of the capital is a great profit instead of keeping the money stored in gold which is less volatile and less profitable.

Bitcoin over gold, mainly for investment or a way of storing value in a long period.

[tabas]

Just that bitcoin is easier to buy than gold and I prefer it.

Me too, its storage doesn't have to be that big and eye catching compared to gold. It requires some good and sturdy storage so that no intruder can take away it from the owners. But as for bitcoin, we need secured storage like hardware wallets, airgapped wallets depending on what we prefer and it might also be complicated to them on how to keep their private keys or seeds. Just like how a non-gold guy understands them.

Be careful of bear market but bitcoin will grow in long term.

I think it becomes a hint when many of these personalities start to talk about everyone should get this xx allocation of their portfolio with Bitcoin. While it's inevitable and we'll still get through with the bear market, everyone needs to make themselves prepared for its return anytime.

[DubemIfedigbo001]

Just that bitcoin is easier to buy than gold and I prefer it.

Yeah, bitcoin is more of an asset to hedge riches on than gold, it outperforms gold currently with respect to unit price and price appreciations and has more long-term profitability potential than gold. I am not removing the importance of diversification, but I would love to have more focus on bitcoin than gold.

Be careful of bear market but bitcoin will grow in long term.

I am also cautious of keeping my spare money idle for long since it would always depreciate due to inflation, and in order not to totally stagnant the investment spirit in me, so it is better to invest a part of it continually into bitcoin using DCA and keep a fraction of it that I would use to increase my purchases during the bear season which is when I am planning to make my major purchases since more quantities would be picked up at lower prices. Long-term is the plan and the journey continues regardless of season.

[AprilioMP]

Billionaire Ray Dalio Urges Investors to Allocate 15% of Portfolios to Gold and Bitcoin

You can click on the link to read it but that topic title and what is written on the link explain it easily.

Just that bitcoin is easier to buy than gold and I prefer it.

These two valuable but different assets, each person has their own belief in making them long-term assets.
Gold, which was once prided as a hedging asset, is not much different after Bitcoin is present, although the presence of Bitcoin makes the practice of people who used to invest solely in gold begin to switch to Bitcoin without ignoring gold investment.

Gold is also easy to buy. For me, I like both types of assets.

[Mrbluntzy]

Bitcoin has gone mainstream, even the old rich investors that preferred gold, real estate and bond in the past have now recognize the important of Bitcoin as to other assets that they have been investing on. Such rich investors who became Successful from other kinds of investment have already known the needs for diversifying their money and Bitcoin has shown its validity and that's why they diversify to Bitcoin and also recommend to others. I am please with Bitcoin already, gold investment can be later.

[coolcoinz]

I've seen this debate many times over the years and people are finally starting to recognize that bitcoin is superior to gold in many aspects.

This recent war in Ukraine is a great example of how bitcoin can be useful. Russia uses it to circumvent sanctions, while Ukrainians use it to move wealth over the border to avoid being robbed.
In case of emergency, what are you going to do with your physical gold? Hide it in your pants and hope nobody dares to look?

[Jegileman]

Be careful of bear market but bitcoin will grow in long term.

The bear market is a very sensitive time in the market that every bitcoiner is very skeptical about. It is a time of investing more but some people FOMO that period and end up making decisions that causes them big loss. Bitcoin investment is for the long term but anytime an investment is made into bitcoin for fast profit, the worst case happens to be the result of such investor, selling at loss.

People's financial outlook is changing over time. They are now not only leaning towards traditional gold, but also towards modern and technology-based assets such as Bitcoin. Many see Bitcoin as "digital gold" because its supply is limited (maximum 21 million) and it can provide a kind of protection against inflation.

Anyone that don’t get to embrace bitcoin now that it is at its prime is really missing out and may only regret it later that they didn’t join sooner. Bitcoin is really the digital gold and people are already speculating it to surpass gold in market cap in the future. I still believe this is not what will happen in the soonest, but bitcoin is really getting the dominance and will surpass what it is now in the future, as well embraced more than it is now.