The world has been positive about bitcoin, including the government. Almost all the world governments do not against bitcoin. If you want to keep it for a very long time, it is a store of value and a generational wealth.

You can diversify. Although I prefer to just go for bitcoin because it is easy to store and purchase.

When it comes to generational wealth you can think of Bitcoin. Infact Bitcoin is the best asset for long term purpose. Many folks can chose to invest in gold for all they care, but I don't see any reason to invest in Gold for all I care. Gold market cap may be higher than that of Bitcoin, but we should also remember that Gold has been in existence for decades, but Bitcoin has just been around since 15 to 16year now and  has gain recorgnition. If Bitcoin can be in existence for some couple of years now and has gain this recorgnition, then by 30years time from now Bitcoin will increase tremendously. So Bitcoin is an asset worthy of investing.

Nothing against Gold, but there might be sometime in the future that Bitcoin will be in parity with Gold and if that happens, then it's really better to invest into Bitcoin this early and maybe wait for that to happen in the future.

At least we still have time, perhaps, 1 Bitcoin=$500k or even 1 million is possible and with that, we can call it a generational wealth or at least we can share and put it as a inheritance to the next generation. Our kids and their kids could live a good life because of our initial investment on Bitcoin.

Yes, but you have to have a good plan to be able to transfer it if you die unexpectedly while being careful how you do it, especially if you manage it with your private keys. If you have a mutual fund, or stocks, or a bitcoin ETF the moment you die it passes to your heirs but if only you know where a copy of your seeds are and no one will find them if you die unexpectedly those coins are lost. Or as Satoshi would say, you donate them to the community but they are not inherited by whoever you wanted.

The bullish case for Bitcoin is an informative book with a lot of insights and from this book, you can have some comparison between Bitcoin and gold. The author wrote about predictive future that Bitcoin will grow up more, get better adoption and Lindy effect can make Bitcoin stronger and stronger considerably with time, like how gold achieved it through thousand of years.

It's worthy to say about impressive growth of Bitcoin compares to gold, and Bitcoin is unprecedented thing with its exponential growth rate, better than both Gold and Internet adoption curves.


Bitcoin vs. Gold and Bitcoin adoption curve.
https://woocharts.com/bitcoin-vs-gold/
https://woocharts.com/bitcoin-adoption-s-curve/

Actually, the concept is not much different, only BTC is not real and cannot be held like gold worn by women. BTC can be narrowed down to digital gold and if it is broader, it is an investment vehicle that is capable and has good defense with a supply that has no more words of addition and subtraction.

The case of people hodling gold is also the same if they are negligent, BTC is stolen, it is also the same if they forget to save the phrase or are careless, like to tell and show off, they will also feel bad things. For profit, it is also the same, even more sensational than gold, although we admit that the market is quite volatile. Many have set that if they have BTC, they will call a third party to give their BTC to their wife and children according to the law and fairly one day when they die.

flexibility, security and complete control are all in your hands, then of course Bitcoin is the only store of value that does not burden you wherever you go as long as you hold the right key. While gold is ideal but at the end of the day you will create a 3rd party to hold the asset and when you need a large amount you need to go through various special stages. Bitcoin can be easily withdrawn anytime, anywhere without any special requirements. This is the reason why bitcoin is a concept that can be accepted by everyone in the world.

If you use the search feature, you will find hundreds of topics that talked about gold and Bitcoin and the investment relationship between them. Therefore, although gold is a means of preserving value against inflation and political changes. Bitcoin can be a good investment asset in theory due to its increasing value and limited supply, but this does not prevent you from diversifying your investments from gold, Bitcoin, stocks, and others.

Gold's market capitalization is larger compared to Bitcoin but Bitcoin's market capitalization is on the path of reaching or surpassing gold, so for long-term financial profit, Bitcoin is a better choice, and a little riskier than gold. For leaving generational wealth, I would choose a secure Bitcoin hardware wallet and would safely store recovery seeds. This way, my funds would be safe and no one would be able to freeze my assets, nor would they be able to steal it because it doesn't take much space unlikely gold and you don't depend on 3rd parties.

The advantage of gold over bitcoin is just the stability to hold values in a long term and while you talk about wealth, gold stands better for generation inheritance but be it sure that the tendencies of adding in values will less to bitcoin if we considers it a long term goal.
So if we also talk about assets, bitcoin holds it authenticatedly because it volatile potential is a grooming to acquire higher values while it fluctuates between the bears and the bulls.
Knowing quite well that bitcoin usually do experiences annually events in every 4 years which turns to breaking new Aths as a season of it significant market performance to value increments.
If I'm not wrong generation year distance is between 20 to 30 years and now let's look at this factor to figure the two valuable assets historical performance and their possiblities of future performances.
We know goldehas exited for decades while bitcoin has only been for 16 years now. Making this comparison from 2009 when bitcoin was launched, then gold was at $1,100 per ounce while bitcoin was on $0 until it gained ait first value at $0.00076. so in distance matter up to date in the interval of 16 years that bitcoin hasn't been up to a generational duration of least 20 years, bitcoin has sustained a a valuable margin of $96,000 + as at when I'm making this post While gold is $2,800 + and in the past 4 years events in their various markets, bitcoin has sustained valuable volume of 117.6% while gold has achieved volume of 44.9%. I guess the difference is clearly notes that in a matter of time holding bitcoin is far profitable than gold which then would serve as reserve of values potentially on increase of values against the future.
While still taking Walk around in figure of which of the asset is good to store values for generations to come, it'd be a hands down beaten of bitcoin over gold if we also consider their historical performances such as breaking out of their recent ATH, then is withnessed that bitcoin has achieved an Ath of $109,993 While gold is $2,942.
The value of bitcoin has really surpassed the value of gold because bitcoin has a limited figure of 21 millions while gold is beyond measures. For this, if you can store your values on bitcoin within the range of a generation duration, you're sure to see atleast 5 bull run season which is mutilation of your initial value while gold maybe slightly volatile it holding value within the period might seem stable with less profit returns as bitcoin may perform.