Garrick Hileman | Source | Head of Research at Blockchain.com
Garrick Hileman
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Blockchain.com
Head of Research
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Bitcoin vs Gold: Which one is better option to earn money? Check experts' views
Bitcoin vs Gold: After the recent volatility in the stock market, especially in the last months or so, people have started to increasingly look at gold as a safe haven investment. But, in the meantime, cryptocurrency or Bitcoin investment too has risen up suddenly. According to market experts, Bitcoin was highly volatile even when the stock markets were rising before Covid 19 pandemic. So, is Bitcoin better as an investment? In current circumstances, experts say it's gold that scores over Cryptocurrency or its popular form Bitcoin.
Article
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For an investor comparing bitcoin and gold, the increasing ownership of gold by central banks and governments marks a potentially crucial distinction. Interestingly, the fundamental physical-digital difference highlights some interesting advantages and trade-offs, between gold and bitcoin. From an investors perspective, the one who owns pure digital assets such as bitcoin (BTC) as a hard asset they should also consider gold.
While gold gains added legitimacy from central bank ownership, it also arguably makes it much more likely that gold would be prioritized over bitcoin in any future new monetary system.Bitcoin is entirely digital. In contrast to this, gold is one of the just over one hundred fundamental chemical elements that form the primary constituents of matter and cannot be broken down into simpler substances.
