Bitcoin vs Gold The Great Debate | Should You Buy Bitcoin Or Gold, Which will yield more value in a long time?

Bitcoin vs Gold The Great Debate | Should You Buy Bitcoin Or Gold, Which will yield more value in a long time?

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While other investment options such as stocks carry financial risk during an economic crisis, gold has a strong investment value and is a tangible commodity. It used to be considered a potential currency many years ago and has become a solid investment choice for long-term strategies.

It's a valuable commodity for the common investor. Additionally, its price behavior tends to be stable during uncertainty, creating consistent demand.

BENEFITS OF GOLD

Easy to buy and sell gold in any given currency.
Safe long-term investment - historically used as true money.
Historically safe against market crashes and economic disasters.

GOLD HISTORICAL PRICE - PAST 5 YEARS

Below is the price of gold in the past 5 years. As an investment choice, gold and other precious metals maintain a strong market value during a financial crisis.

Gold is Easier to Convert Into Cash

Gold has the same value all over the world. This is due to the fact the people all over the world want gold. However, the same cannot be said about Bitcoin. Only a select number of investors are interested in it. This is a crucial point when comparing cryptocurrencies to precious metals. Diversifying a portion of your investment account value into metals is an easy way to protect assets for the long-term.

Considering gold - review our analysis on the price

While gold is an investment worth considering, the price of gold has been fluctuating during the global crisis. Luckily, we go over this metal in our yearly analysis.

Bitcoin as an Investment

How would you like to invest in something that costs less than three cents per unit, but will grow into several hundred dollars within a year? Chances are, you will not be alone in agreeing to such an opportunity. Bitcoin used to be this great deal for investors as an investment asset.

Today, Bitcoin has soared in price over the years. It has become a viable investment choice as it has become a normal item in trading accounts. It's store of value, while not a secure as gold, has become increasingly viable for virtual savings.

The price of Bitcoin has surpassed $5000 and is estimated to only continue to rise. Bitcoin has seen a lot of movement in 2021 so far, dipping off in price during the month of March but recovering during May.

BENEFITS OF BITCOIN

Rarer than gold.
Anonymity.
Security as an investment asset.

BITCOIN MARKET CAP

Below is the market cap of Bitcoin since 2014.

How Is Bitcoin Different?

It is a purely digital creation created by open source software that mines for new Bitcoins using highly complicated computational algorithms. It also has a fixed quantity. Once a certain number of Bitcoins are created, no new ones can be made. It is due to this combination of factors that a Bitcoin is such a hard investment commodity now.

Is Bitcoin a good investment in 2021?

While not being the best investment such as gold, Bitcoin is still an investment option you should consider to diversify your portfolio. It is an option to consider for 2021 alongside gold, stocks, etc.