Gold has been a precious commodity from ancient times as it was used as legal tender and mode of payment. Visit authentic platforms like the Bitcoin Prime app to get a detailed guide to bitcoin trading. But with the passing of time, gold is used for jewelry and national reserves to maintain the value of fiat currency at international borders.
Today, Bitcoin is giving a cutthroat competition to gold as this virtual coin is even rarer than gold. There is only 21 million Bitcoin, but the quantity of gold in the earth’s crust is infinite. Countries like El Salvador even passed bills to opt for gold as a part of their national reserve because of its stable price at the international money market.
Today, traders are confused about which one from gold and Bitcoin they should invest in. This article will shed light on some bullet points stating why Bitcoin is superior to gold.
More Stable Value at International Money Market
Before injecting money into any tangible or non-tangible asset, any investor’s priority is to ensure that the asset does not lose its value with the passing time. Gold was considered king in the game of maintaining value, but after the covid pandemic, the scenario changed as gold was fading its value even more than 10%.
Investors lost prominent figures as the exchange was jammed due to the restrictions. Here Bitcoin came as a lifesaver as it is available on a blockchain network by which all the operations regarding Bitcoin remained available. This feature helped Bitcoin so much that its face value surpassed gold and became the priority for a significant sector.
It doesn’t mean that Bitcoin is a non-volatile coin, but price fluctuations always remain under a specific figure that will not affect your overall investment. This stable price is the only reason Bitcoin is the most reliable electronic token, even more than fiat currency.
Many mainstream businesses accept only Bitcoin because they want to perform business and investment simultaneously. After all, the value of Bitcoin has been continuously rising with nominal fluctuations over the past five years.
More Flexible than Gold
All transactions related to Bitcoin can only be accessed by E-Wallets, which can be hot or cold E-Wallets. These wallets exist on the blockchain network that is not limited to any domestic boundary.
So you can send or receive payment from anywhere and anytime in the world without paying extra for tax and foreign tariffs—all you need to learn is the primary interface of these E-Wallets.
Gold, on the other hand, is also very much flexible as you can buy or sell this commodity, but you need legal documents and clear previous trading history to do so. The main drawback here is that the procedure is very complicated if you want to buy gold in another country.
Immune from Theft and Adulteration
Gold is susceptible to theft as it is a physical commodity; that is why, if you keep gold at home, there is always a possibility of stealing. Therefore, if you are keeping gold, you need to hide it from all unknown and unknown.
But Bitcoin is backed by cryptography, which generates private keys to every E-wallet. These private keys act as biometric verification for entering the exchange, making it nearly impossible for hackers to crack into it.
Moreover, Bitcoin is not a physical commodity; in some cases, you can demand an actual coin, but otherwise, it is an electronic coin, which eliminates the risk of theft. With the security blockchain, the risk of counterfeiting is also zero.
More Money-Making than Gold
The thing that matters is profit. As per the records, Bitcoin’s face value is up, surging at a noticeable speed. If you own a Bitcoin today, it is an excellent possibility that you will become a millionaire in the upcoming years, but it is merely a dream with gold.
Many folks criticize Bitcoin due to its volatile nature, but this feature will only help you quickly make a reasonable sum of money.
So, it is the best time to buy bitcoin and be a part of this fantastic community. So, do not waste time and start your trading journey today. Both investment assets have offered phenomenal returns in the last few years.