Bitcoin Vs Gold Which One Should You Invest In?

Bitcoin is one of the first digital currencies to use peer-to-peer technology to facilitate instant payments. The independent individuals and companies who own the governing computing power and participate in the Bitcoin network, are comprised of nodes or miners. As defined on Investopedia.com 

Gold As An Investment

Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives. The gold market is subject to speculation and volatility as are other as per Wikipedia.com 

So basically the major differences between Gold and Bitcoin is that one is actually a digital asset and one is a physical asset. 

So we know the differences of Bitcoin and Gold. 

Let’s talk about what Bitcoin and Gold are used for. 

Gold has alot of different uses. It’s not just used for jewelry. It’s actually used in some electronics like phones, medicine and dentistry. 

Bitcoin has brought an awareness of blockchain technology and proved its value for more than investing purposes. It is also used as a tool for people without access to banking infrastructure and traditional means of finance such as credit.

With Bitcoin, these individuals can send value across the globe with almost no fee. It is possible that other cryptocurrencies will take advantage of this opportunity, but right now Bitcoin is the front runner.

Which Should You Invest In Bitcoin or Gold? 

Well let me start by saying I’m not your financial advisor and these statements are for entertainment purposes only. This should not be construed as me giving you advice and any investments you take are done at your own risk. 

So with that being said Bitcoin is way more volatile when compared to Gold. Gold is more of a long term play for your investment portfolio. Even though Bitcoin is starting to prove itself as being useful it still has a long way to go when compared to Gold. Gold is and I think will always be a long term play for investors and Bitcoin is the short term play. You should invest your money based on your goals. If you’re looking for a quick come up on your money then Bitcoin is something you need to look at and if your wanting go for a long term approach then Gold is where you can park your money and see it grow safely. 

There are a bunch of analysts in the financial markets making a case for Bitcoin to be the next Gold. I’m not sure about that but I do know one thing both are here to stay and i personally recommend to buy gold and bitcoin if you can. This way you can stay protected in the market. 

There you have it. Do remember I’m not a financial advisor. I’m just giving my opinion and this is for your entertainment only. Any money you invest is your risk and your risk only. 

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