With equities and commodities markets going nuts in 2020 and retail traders making 30 gains in a day on robinhood many people are wondering if it s still worth it to invest in bitcoin in 2020. On the other hand gold is not easily converted into cash making it a lot less liquid than bitcoin. Bitcoin is easily sold on any number of large billion dollar exchanges in a matter of seconds.
Though gold is the first choice of investors bitcoin is much better than gold. Many people invest in gold as most of the time it gives profit to the investor. Bitcoin vs gold since ancient times gold is usually the most popular choice of people for investing.
Gold bugs will argue that the volatility of bitcoin makes it a poor choice while bitcoin hodlers will point out the weak returns from owning gold. Bitcoin is often compared to gold as a store of value or haven to avoid inflation and stock market volatility. In fact many have called bitcoin digital gold in the past due to its weak relationship with.
Bitcoin is a blockchain based cryptocurrency that shares some properties with its gold counterpart. Gold was the world reserve currency until 1971 when nixon released the peg from the us dollar to gold and all other major national currencies became tied to the dollar. Bitcoin vs gold vs stocks.
