Should You Buy Gold Or Bitcoin

Should you buy gold or bitcoin is like saying should I invest in gold or bitcoin which is also based on individual difference. Because who loves cryptocurrencies will always go for bitcoin even when they know that gold is an asset with no plan of ever going to zero from its existence.

Gold is considered as a haven while bitcoin can

be seen as an alternative to a haven.

So if you ask me should buy gold or bitcoin, I will tell you to read this article carefully. That’s because, in this article, I have gathered a lot of info from my research which will help you to decide from your heart what you want to in.

So read this article, and after reading it, if you made up your mind on something, you can likely want to share it with us by dropping a comment at the end of it thank you.

Now back to the question should you buy gold or bitcoin, there are things you need to know about gold and also things you need to understand about bitcoin.

Gold: As of today, the current price of gold in the United States is around $60,573.13.

Gold is one of the most valuable materials in the market today in the area of jewelry and electronics.

It is the densest of all metals with a precious and bright beautiful color that is so desirable to hold.

What is gold used for?

Gold can be formed and can also be used to build a lot of things like;

Jewelry, Medals and Awards, Dentistry and Medicine, Finances and Investing Electronics, Computers, Aerospace, etc.

Bitcoin: Before the crack of bitcoin, one bitcoin is equal to 37,372.10 United States Dollar. It is not tied to any bank thereby making it possible for the users to be able to send money from peer-to-peer anonymously.

Since it is not an asset and it is not tied to the bank, there is a possibility of the business going down if the lenders decide to withdraw from the market. that’s to say that banks cannot come to their rescue since they do not pay bank charges in their transactions between users.

Now, that’s the difference between both businesses, if you still want to look at the comparison between them so that you will be able to come up with an answer to should you buy gold or bitcoin, then keep reading.

Below here are the compare both gold and bitcoin;

1 Exchange rate: A price of gold in the United States is around $60,573.13. while the price of bitcoin goes for $37,372.10. Mere looking at the figure, you can say that demand for gold is high.

When running a business, one thing you need to know is that the higher the demand for a product or service, the higher the price. So gold has been higher than bitcoin when marketing it means that gold is an asset while bitcoin is just an alternative to gold.

2 Safety, and Transparency: Although the two are safe, it is safer with gold. Gold can easily be track and the process of producing a fake one is rare, since it can easily be tracked, it is also very hard to steal. likewise, bitcoin but one thing in bitcoin is that any wrong move from the top investors or any pullout from the upper rooms or exchange goes offline, the small accounts and others will be affected, as some of them will be losing their coins.

3 Cash Out: If you are looking for a fast and short-term investment to go into because you want to cash out soon, then bitcoin is for you. Some people go into bitcoin investment because they believe that they can easily cash out as soon as they want if they work hard on it but the other hand, Gold is not the same.

Gold is for people who are after a stable investment over a long period. This means that it is not a fast money business but with a guarantee of returning your investment to you after some time.

4 Volatility:   Bitcoin is not being backed up by any concrete fundamentals, unlike gold. Although bitcoin has proven itself in the market to be equal to the task.

Gold has been in existence for as long as we have heard, unlike bitcoin which came into existence some decade ago. but still, since their existence, they have tried their based to reach a haven.

Now let me ask you, Should you buy gold or bitcoin? Drop your comment below thank you.