Why Bitcoin Is Better to Buy and Hold Than Gold

Bitcoin (CRYPTO: BTC) is soaring. Since spot exchange-traded funds were approved and launched in 2023, this digital asset has risen 311%. Interesting, gold has also been bullish. Its price is also record. But comparing these two assets shows that the leading cryptocurrency outperforms the precious gold. Examine Bitcoin and gold.

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[{"selector":"#anim-bacc3329-31dc-4b76-af00-c22d4bac6854","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] My first suggestion is to compare Bitcoin and gold. Many investors connect these two for a reason. Bitcoin and gold are scarce. A future Bitcoin token circulation will be limited to 21 million. The crust of Earth has a limited amount of gold.

[{"selector":"#anim-55c79583-aeba-4bf7-b505-7d0d34770a11","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8fc6ee02-2d95-4b53-9474-80602e5ff0cc","keyframes":{"transform":["translate3d(-117.40506%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] If demand rises while supply is fixed, the price should rise, according to economics. The simple rule explains why gold is considered a secure lo ng-term investment. These two assets are useful beyond storage. Gold's brilliance and scarcity make it popular in jewelry. Its industrial input value is negligible.

[{"selector":"#anim-0622673f-cda0-4783-b8a6-c349e771d2f2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4cf1c860-f8bb-466b-9aa0-71524760c793","keyframes":{"transform":["translate3d(-117.40506%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Bitcoin is useful for moving big quantities of money directly because it is decentralized, worldwide, and controlled by no one. The final and near-immediate settlement is persuasive. Deeper examination reveals that Bitcoin and gold are significantly different. Bitcoin outperforms gold in many ways.

[{"selector":"#anim-7f6e50dc-c92e-4e93-880a-28c6a500e23a","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] We should discuss scarcity again. Although it appears fixed, gold supply is not. The U.S. Geological Survey estimates that 77% of Earth's crustal gold has been extracted. Massive amounts remain underground. If gold's price skyrockets tomorrow, mining corporations can spend aggressively in deposit extraction. Gold supply can be changed if demand is high. Space gold resources are also possible.

[{"selector":"#anim-ca2859f7-8d8f-437a-af5b-cf2d2f03a5a1","keyframes":{"transform":["translate3d(-118.66666%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c0fddb9f-506f-44ce-9cfa-303ceefcfef0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c24a8324-5733-4247-9981-00868afd06f0","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Bitcoin excels at scarcity. Absolutely finite Bitcoin. The program limits circulation to 21 million coins. This won't change unless most nodes improve supply. Bitcoin has been volatile because supply can't match demand.

[{"selector":"#anim-f59f1fc8-489e-4459-8f65-965345913ac5","keyframes":{"transform":["translate3d(-118.33333%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6cfb7e60-a1a6-4273-bf8c-9cab74786c97","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-54667c84-9d05-4f37-a8a8-afa9de05dd5d","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Bitcoin is more portable than gold because it's digital. Bitcoin can be used in transactions and is divisible to eight decimal places. Using gold for daily purchas es is impractical. Gold is useless here. Gold is no match for Bitcoin as a store of value. Investing is about increasing purchasing power over time. Bitcoin dominates this fight.

[{"selector":"#anim-6377050c-298d-4c8c-aa50-e2675c379818","keyframes":{"transform":["translate3d(-121.33333%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e241250b-0389-4830-b877-082942f204d4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-024a07c0-c1d0-4add-a4df-491a4e911311","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Bitcoin has appreciated 1,630% in the past five years, whereas gold has only gained by 58%, showing that Bitcoin buyers would have done better financially. With the pandemic, inflation, and rising interest rates, macro-uncertainty was high. Gold is arguably easier to hold psychologically because its value doesn't change greatly.

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