Both assets have the potential to store of value and gold has been used for a long time. Bitcoin is new compared to gold so it's not well-tested I can say but its performance is somehow better than gold. Investors who are not willing to take much risk wanted to invest in gold on the contrary bitcoin's performance attracted investors who wanted to get fast growth for their investment. 

Personally, I do not see investing in gold as a good thing. Acquiring gold is good as a store of value and a hedge against inflation in the long term, but it is not profitable unless you store large quantities.

As for investing in Bitcoin, it is profitable on the one hand due to the rise in prices several times, and on the other hand it can be used as a store of value in the long term.

IMO, I think that Bitcoin has more advantages than gold. For example, you can have up to 100 bitcoins stored in your wallet, and you can just carry them around. No one will really know what you have with you unless you tell people the volume of Bitcoin you have on you, but you can't carry about a troy ounce of gold that is worth millions of dollars. The person with such an amount of gold cannot sell it without revealing their identity and involving a third party. Although some people as invest in gold but they believe it can act as a hedge against devaluation no the Fiat money. 

because the market is illiquid and there is alot of friction for someone to sell some of their gold, just a normal investor i mean. there is no one single spot price apparently get this:

each coin shop/dealer might set their own "spot price". what they do is take the real spot price and apply a markup to it then they impose a premium on top of that when you buy! what a scam! i even heard of people willingly paying over $200 for a single ounce of silver just because it was made by some particular mint but guess how much they can sell it for at the dealer? probably spot price. what a scam. paying 10 times the spot rate. just because.


the problem with that way of thinking is, hasn't inflation outpaced all of that in those same time periods? so maybe gold helped offset some devaluation of someone's networth but i don't think it necessarily outpaced inflation. food costs have risen just that much if not more. maybe someone would have been better off just buying that car or buying that house instead of sticking it into gold because maybe now their gold is not worth enough to afford those things.

example: ford trucks now cost over $100,000 in some cases if you get them fully loaded. that's called inflation big time. and your gold is only able to go up so much.  

i didn't say no one gets rich through gold. pawn shops, coin shops and mints they all are the ones making the money. retail investors i don't think they get rich. i think most of them actually lose money investing in precious metals. that's just how it is.

most retail investors in the united states, i dont know where you're from, they just think of gold as something that comes from the local coin shop. and that's about it...they're too busy to even think about where it comes from beyond that. and even if they did, they are too busy to try and do it themself. and have better things to do. just the way it is. digging up gold out of the ground here in the usa people would think you were crazy.

Maybe no one will get rich trading gold in the way you described, but there are people who make huge profits from gold, and I am primarily referring to gold mining companies. There are also ordinary people who search for gold with metal detectors in their spare time, and there are some TV shows where their adventures are followed, and I remember that some of them get lucky and find a really big nugget of gold.

Bitcoin is something completely different, and its volatility (in the short term), and especially in the long term, is incomparable when it comes to possible profit. In addition, we live in a digital world, and new generations have less and less interest in precious metals.

Ofcourse, it became difficult for gold, mainly due to the way the supply is centralized. If most people were self-custodying it, demand will be high during certain times and the centralized custodians wouldn't have enough to manipulate the price. It's just like Bitcoin which tended to be manipulated when much of the supply was increasingly controlled by few people. But it became difficult and unattractive for them when people start self-custodying more and when what determines the price was changed so that even if they control much of the supply, they couldn't influence the price dishonestly.  Other positive factors were used to help check negative centralized price control.

Both are good for saving money to avoid inflation. However, if you look at history, many ordinary people prefer gold, but if they look at the profits they will definitely choose Bitcoin as their future asset. What is clear if we look at history is that we have been deceived by fiat money.

the key is diversification. I invest in precious metals and Bitcoin. Most importantly, don't put all your eggs in one basket because that will minimize our risks in the future.

I agree, Bitcoin will not make anyone rich if they don't invest huge amount of money.  Gone are the days when Bitcoin investments can be multiplied by 100x in just some years.  If we want to have such kind of profit I believe we need to wait for many decades.


Spot on because Bitcoin is in the green in range from its time entering the market and today, but Bitcoin is not a good store of value for those who entered during the peak of 2021 market price since it  losses a lot of its value at the current time. Being highly volatile makes Bitcoin inferior to precious metal in terms of store of value, IMO.

Personally, I think investments are different for each person and generation. Do you think investing in Bitcoin is a reasonable method now? It is still old, and people who invest in gold say that gold is the best. The reason is...it's still going up...of course, considering Bitcoin's volatility and investment value...I think Bitcoin is the best...but risks coexist...it's really difficult. ..I personally vote for Bitcoin.
I work at a sport betting company, and I think the current trend is charging the betting amount with virtual currency and making bets. This will all change soon.