Why do people compare tangible Gold with intangible Bitcoin

[cryptomaniaclothing]

While gold has thousands of years of history as a store of value, Bitcoin offers portability, divisibility, and verifiable scarcity in a digital world. I think many people compare them because both are viewed as alternatives to inflation-prone fiat currencies.

[Agbe]

Well as for me gold 🪙 is limited to few hands but bitcoin is for all and there is no scope in using bitcoin. Gold is scoped around the miners and the rich. And from your price you could see that the price of bitcoin is higher than gold. And since everyone can have gold at any time and anywhere, it becomes valuable, tangible and useable than gold. I have said many times here, I have not seen a raw gold and which means it is limited for people like to see and use.

[Curious T]

Having physical gold is not the only way of holding Bitcoin, so many people buy gold EFTs.
Gold has proven to be a good store of value. It has a deep history spanning centuries and also has the backing of many countries and governments to have gold reserves. That is not something that can be overlooked.

The features of Bitcoin make it unique and add to the fact that it has performed better than gold since its creation. At the end of the day, it's down to preference. Some people prefer to stick with the traditional system they already know, but Bitcoin just offers more than gold currently.

[Findingnemo]

Gold is finite and only you can mine so much gold from the earth so it is not infinite and for the moment, let's keep the asteroid mining apart. Gold is one of the most successful forms of money we have ever used in history, it is trusted and accepted everywhere even now. So in the same way people compare bitcoin with gold because of the price factors and trust. But it doesn't make sense though because it is comparing apple with orange and you can't say which one is better than the other unless you got a preference already.

I believe people just want reassurance that btc can give them the profitability or is comparable with gold. But we all know that gold has tangible usage that btc can't

Tangible doesn't change much, even other metals can be more useful than the gold is but still Gold is what trusted so it all downs to the people's trust and comparing it with gold is kind of giving them same connection which is good even though the comparision is not a fair one to say which one is better than the other.

[lionheart78]

Gold isn't scarce because it can be mined more and more with the passage of time but bitcoin has fixed supply of 21 million.
Splitting of gold can be easy but up to some extent while 1 BTC is equal to100,000,000 satoshis. In portability gold is heavy to carry and might need security if in large quantity but you send million dollars of BTC in 10 minutes. The track record of gold is more than 4000 years while their of BTC it is only 18 years probably. Still many of the people are convinced that BTC is better than gold. How?

To give value to a thing, it must be compared to another thing with great value.  Since gold had been around way before Bitcoin emerged, gold had established its market and usage, and since Bitcoin features have similarities with gold, being a good store of value, Bitcoin is often compared to gold to prove the superb properties of Bitcoin.

I don't see it as a negative thing, but rather it became a boost to Bitcoin's influence/  Btw, it is not its properties of being intangible and tangible that is being compared but rather its economic function.

[khiholangkang]

Gold isn't scarce because it can be mined more and more with the passage of time but bitcoin has fixed supply of 21 million.
Splitting of gold can be easy but up to some extent while 1 BTC is equal to100,000,000 satoshis. In portability gold is heavy to carry and might need security if in large quantity but you send million dollars of BTC in 10 minutes. The track record of gold is more than 4000 years while their of BTC it is only 18 years probably. Still many of the people are convinced that BTC is better than gold. How?

Gold is not scarce but it requires a lot of energy to mine gold, also in addition to the high trust of all mankind where all agree that gold is a valuable mineral and can be accepted anywhere, therefore gold is still treated specially.
 
If you have a lot of BTC too and it is known by many people you also need strict security, so it's the same, but if you can keep BTC safe without being known by others the security costs will be much cheaper.
Why do people believe bitcoin for now because bitcoin is still a new asset and adoption is still low, therefore there will be many people who believe that bitcoin will get a lot of improvement in the future after being recognized by everyone, just imagine billions of people on this earth and there are only 21 million bitcoins, say 20% who adopt bitcoin, what will the final value of bitcoin be?

[Alpha Marine]

If you have 20k$ , would you buy gold or BTC? why? economics behind your choice. Keep in mind the volatility and variations of both

It depends on what I want. If I want to keep money and store my wealth without taking too much risk, and I'm not looking for profit, then I would go with gold.
But if I want to store my wealth for a long time and make a profit from it, I would go with Bitcoin.
Bitcoin performs better than gold, but gold is the better store of value in my opinion. Both hav heir own risk, but your choice should be based on what you want. Gold and Bitcoin are not rivals. You don't have to pick one or the other. Your choice should be based on what you want.

[Silverstonez]

Gold isn't scarce because it can be mined more and more with the passage of time but bitcoin has fixed supply of 21 million.
Splitting of gold can be easy but up to some extent while 1 BTC is equal to100,000,000 satoshis. In portability gold is heavy to carry and might need security if in large quantity but you send million dollars of BTC in 10 minutes. The track record of gold is more than 4000 years while their of BTC it is only 18 years probably. Still many of the people are convinced that BTC is better than gold. How?

If you ask me, i will say that lets stop all this comparison, gold and bitcoin are good investment and they are good in their own ways. Therefore, i do not see any point in comparing both assets to prove the one that is better than the other. Anyone who is interested in investing in gold should invest quietly and stop comparing gold to bitcoin over nothing, likewise those whom bitcoin is their favorite.

[TokenTikas]

Still many of the people are convinced that BTC is better than gold. How?

There are many reasons why bitcoin is often compared to gold, it becomes easier to understand when you look at it from broader perspective. Gold has been around since ancient times and its supply can continue to increase over time, Bitcoin has a fixed supply, which is one of the main differences between them. As technology continues to advance, we will have to maintain a balance between the virtual and physical worlds. Overall, I would buy as much gold as reasonably could and at the same time invest in bitcoin as an extra layer of security.

[Mame89]

Bitcoin is regarded as digital Gold and even though there are still possibilities to trade gold on exchange Bitcoin is likened to the Gold. Of course, people compared these two assets because it's a store value and even if Bitcoin is volatile, there are chances of Bitcoin to still increase back to the original state or even above the original price it was.
However, Gold has been existent for millenniums and I must say from the origin of the world, both are seen as a safe haven or store of values.

Both serve the same purpose although both assets have their own strengths and weaknesses. Bitcoin is often called digital gold because it overcomes many of the weaknesses of physical gold in the modern era, where younger generations are more comfortable with digital assets, despite gold's thousands year history. Both remain as stores of value and hedges.

Gold excels as a real physical asset with industrial and jewelry value. Bitcoin on the other hand is a digital asset that makes it easier to store and transact. Many people even diversify between the two, so it could be said that many people consider Bitcoin superior because they see it as an evolutionary upgrade from gold especially now that everything is digital.

[Pi-network314159]

Gold isn't scarce because it can be mined more and more with the passage of time but bitcoin has fixed supply of 21 million.
Splitting of gold can be easy but up to some extent while 1 BTC is equal to100,000,000 satoshis. In portability gold is heavy to carry and might need security if in large quantity but you send million dollars of BTC in 10 minutes. The track record of gold is more than 4000 years while their of BTC it is only 18 years probably. Still many of the people are convinced that BTC is better than gold. How?

I doesn't matter if you chose gold over Bitcoin or not, but one thing is certain, Bitcoin features makes it better than gold regardless of how long it has lasted, or how many you can get each Year. One thing I like about Bitcoin is that it portable, which means that no matter how large it is, it can withstand your wallet space, it doesn't need anybody to safeguard it when moving from one place to another. Like moving 1 tone of gold will cost you Alot,  but with Bitcoin you can send the equivalent anywhere anytime around the world. And another important thing about is that selling it doesn't take time, you hit your buy oder and meet customers online who bargain price with you before sending, but in gold you need to find physical buyers you have to bargain price with and international movement is not possible like Bitcoin that can be sent to any country with just one click. Bitcoin is better than gold but that doesn't mean that gold is completely useless.

[Anthony Bill]

You can see the reason nation's of the world like gold more than Bitcoin because they gain more taxes from gold than Bitcoin. We all know that Bitcoin is a decentralized currency that was created by one person or individuals to help governments and citizens to be free from transaction delay and to eliminate unemployment that is a challenge to many countries of the world.

[cryptoaddictchie]

Gold isn't scarce because it can be mined more and more with the passage of time but bitcoin has fixed supply of 21 million.
Splitting of gold can be easy but up to some extent while 1 BTC is equal to100,000,000 satoshis. In portability gold is heavy to carry and might need security if in large quantity but you send million dollars of BTC in 10 minutes. The track record of gold is more than 4000 years while their of BTC it is only 18 years probably. Still many of the people are convinced that BTC is better than gold. How?

How can you say its not scarce when gold is a naturally occuring substance. Its also scarce since the complex way on how it made is natural and those areas with mine gold arent like trees that can be replenish once mined. It will take time or another era to potentially create gold through natural process.

For me their the same its just that bitcoin is digital while gold is a metal substance.

[Alonso_]

Gold is theoretically nearly infinite in the Universe and there's thousands of tons gold inside the Earth, but economically speaking, it is irrelevant. The accessible gold is what's scarce.

Bitcoin and gold share similarities. Both are hard money and scarce. Both have proved to be storing your purchasing power overtime.

If you have 20k$ , would you buy gold or BTC? why? economics behind your choice. Keep in mind the volatility and variations of both

Personally if I have such amounts at my disposal probably as a discretionary income I would obviously be buying bitcoin, instead of buying some gold, I’m not saying gold is bad for business now, I think the volatility that is what makes bitcoin special, considering the price of bitcoin in the market now, I would obviously have to buy bitcoin, because you might be having a new ATH, you never can tell anyways, bitcoin is more affordable and you don’t have to carry bitcoin anywhere, you only carry bitcoin on your phone, while gold you have to carry it in a larger quantity of that amount.

Bitcoin is more sustainable to me in a long term investment.

[Mandoy]

Gold isn't scarce because it can be mined more and more with the passage of time but bitcoin has fixed supply of 21 million.
Splitting of gold can be easy but up to some extent while 1 BTC is equal to100,000,000 satoshis. In portability gold is heavy to carry and might need security if in large quantity but you send million dollars of BTC in 10 minutes. The track record of gold is more than 4000 years while their of BTC it is only 18 years probably. Still many of the people are convinced that BTC is better than gold. How?

I doesn't matter if you chose gold over Bitcoin or not, but one thing is certain, Bitcoin features makes it better than gold regardless of how long it has lasted, or how many you can get each Year. One thing I like about Bitcoin is that it portable, which means that no matter how large it is, it can withstand your wallet space, it doesn't need anybody to safeguard it when moving from one place to another. Like moving 1 tone of gold will cost you Alot,  but with Bitcoin you can send the equivalent anywhere anytime around the world. And another important thing about is that selling it doesn't take time, you hit your buy oder and meet customers online who bargain price with you before sending, but in gold you need to find physical buyers you have to bargain price with and international movement is not possible like Bitcoin that can be sent to any country with just one click. Bitcoin is better than gold but that doesn't mean that gold is completely useless.

I believe it's because they see both of them as stores of value, as opposed to common currencies. Over thousands of years, gold has gained the trust of people, while Bitcoin is still building trust, but the similarities are inevitable. In the digital era, Bitcoin possesses unique features that physical gold lacks in terms of fixed supply. Divisibility, portability and ease of transfer. Meanwhile, gold has a history and has physical substance. And many investors appreciate these things. I believe that they can be used in tandem and have different uses for investors with different objectives and risk tolerance levels.

[Livingleged]

Personally if I have such amounts at my disposal probably as a discretionary income I would obviously be buying bitcoin, instead of buying some gold, I’m not saying gold is bad for business now, I think the volatility that is what makes bitcoin special, considering the price of bitcoin in the market now, I would obviously have to buy bitcoin, because you might be having a new ATH, you never can tell anyways, bitcoin is more affordable and you don’t have to carry bitcoin anywhere, you only carry bitcoin on your phone, while gold you have to carry it in a larger quantity of that amount.

Bitcoin is more sustainable to me in a long term investment.

I was expecting to see some economic  backings behind  your  choice but You  probably  forget to  mention.  $20k isn't  a small money  to me then I might split  the $20k into two and invest 10k each respectively, it's sometimes  much better you have multiple  investment  so that when one is doing  fine and the other is fumbling  you'll not panic.
Most people  here are picking  bitcoin  over Gold and realistically  gold has done  greatly  more than  the bitcoin  in the recent  time. However  everyone  has there preferences  but I think I'll  be buying  much of the gold or split  it 50/50.

[BALIK]

Well as for me gold 🪙 is limited to few hands but bitcoin is for all and there is no scope in using bitcoin. Gold is scoped around the miners and the rich. And from your price you could see that the price of bitcoin is higher than gold. And since everyone can have gold at any time and anywhere, it becomes valuable, tangible and useable than gold. I have said many times here, I have not seen a raw gold and which means it is limited for people like to see and use.

Gold is widely traded through jewelry stores, banks, and exchanges around the world. Owning gold is not too difficult. So, it would be an unfair assessment to say that Bitcoin is for everyone, while gold is only for the rich or miners.

Comparing prices without considering the supply of both is an incomplete and unfair approach.

Finally, very few people have ever seen raw gold in person, but that does not mean gold is scarce or out of reach. As I said, it is not difficult for you to own gold, as it is available for purchase worldwide.

[YOSHIE]

Gold isn't scarce because it can be mined more and more with the passage of time but bitcoin has fixed supply of 21 million.

You need to understand that the creator of Bitcoin did not compare Bitcoin with gold, but people who like to compare gold and Bitcoin.

Basically and in my opinion, people dare to compare Bitcoin with gold at an economic point, they assume that both have a function in the economic sector, another reason may be that we generally know that both are store of value assets and also have a golden yellow logo.

They like to see and say that Bitcoin is digital gold, even though it cannot be touched like precious metals, but the illusion of Bitcoin as digital gold is enough to make people happy and confident in comparing gold with Bitcoin.

[Faisal2202]

Gold is theoretically nearly infinite in the Universe and there's thousands of tons gold inside the Earth, but economically speaking, it is irrelevant. The accessible gold is what's scarce.

I can't agree more, you pointed it as simply as it was possible. Earth has a lot of gold in it, which is to be discovered yet, but it does not change the fact that economically it is scarce due to the controlled supply.

By the way, you said we have infinite in the universe? Do you mean by having gold on other planets? I once heard there is an asteroid in space that could have more gold (or maybe it was diamond) in it than there is on the planet. I have heard a lot of stories too, but can we believe them? Do you?

[Chibit01]

While gold has thousands of years of history as a store of value, Bitcoin offers portability, divisibility, and verifiable scarcity in a digital world. I think many people compare them because both are viewed as alternatives to inflation-prone fiat currencies.

And many also see and look at them based on their usability and accessibility. During this Israel-Iran conflict, some have learned the hard way about the danger of having gold during such periods, as it could be melted or buried underground if the safe box or wherever it is stored is hit by an explosive. This is another issue from which you can easily protect your Bitcoin: as long as you keep your backup in different locations, you can always access your asset from anywhere, provided you are connected to the internet.