Bitcoin's price has experienced an outstanding performance, as since the beginning of 2023, the leading crypto asset has increased by 311%
Bitcoin has shown superiority over gold in many ways. While both assets are scarce to a certain extent, Bitcoin’s scarcity is finite, with a hard cap of 21 million tokens. On the other hand, gold’s scarcity can be adjusted based on how strong the demand is. Furthermore, Bitcoin is more transportable than gold and can be divided into smaller units, making it more convenient for daily purchases and other transaction purposes.
In terms of store-of-value, Bitcoin has outperformed gold over the last five years, with an increase of 1,630% compared to gold’s 58%. This is mainly due to the increasing demand for digital assets and the fact that Bitcoin is better equipped to handle the challenges of the digital economy.
However, it’s important to note that Bitcoin carries more risks than gold due to its high volatility. So, while Bitcoin may be a better asset in some ways, it might not be suitable for every type of investor. Ultimately, the decision of whether to invest in Bitcoin or gold depends on your individual goals, preferences, and risk appetite.
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