Do You Agree If Bitcoin is on par with gold?

[Suba]

Experts often express the opinion that Bitcoin can be equated with gold as an investment portfolio, and even Bitcoin and gold can also be used as a hedge against inflation. However, unfortunately their opinions are always different (pros and cons), each with strong reasons. So what do you think?

 

[SilverLance]

Both Bitcoin and Gold have their own strengths and weaknesses, and the decision to invest in either should be based on individual risk tolerance and investment goals.

 

[Webster]

Both Bitcoin and Gold have their own strengths and weaknesses, and the decision to invest in either should be based on individual risk tolerance and investment goals.

As always do your due diligence and research before investing in either.

 

[Suba]

I am not asking about investment risk profiles and individual investment instruments but globally. Can Bitcoin be on par with gold in investor portfolios globally. Many famous people say that Bitcoin is digital gold. do you agree?

 

[Webster]

I am not asking about investment risk profiles and individual investment instruments but globally. Can Bitcoin be on par with gold in investor portfolios globally. Many famous people say that Bitcoin is digital gold. do you agree?

I was trying to get to that. Yes, I agree but as I said, do you due diligence before investing.

 

[King Belieal]

When you look at the characteristics that make gold an important investment tool, and you compare if Bitcoin has those characteristics, then, it is safe to say that Bitcoin is digital gold.

 

[Webster]

When you look at the characteristics that make gold an important investment tool, and you compare if Bitcoin has those characteristics, then, it is safe to say that Bitcoin is digital gold.

 

[magnus2022]

Bitcoin ecosystem makes it quite unique and it will not be equated to gold without upsetting the standard. Moreover, gold have a different characteristic which will not conforms to the bitcoin ecosystem.

 

[Stardom22]

l don't agree with that. Here are my reasons behind that, The prices for the gold is somehow controlled where's the crypto coin's prices are very volatile and change very now and then.

 

[Webster]

Moreover, gold have a different characteristic which will not conforms to the bitcoin ecosystem.

l don't agree with that. Here are my reasons behind that, The prices for the gold is somehow controlled where's the crypto coin's prices are very volatile and change very now and then.

Gold and bitcoin have one commonality and that is they are finite products; Bitcoin has a limited supply (21m Bitcoin) and unless alchemists can figure out how to transmute lead into gold, there will be a finite amount of gold available. That alone will ensure the stability over time of Bitcoin and prevent the wild swings that we've seen it have the past week or so.

 

[King Belieal]

If you even consider it in terms of durability, bitcoin is equally as durable as gold. The Blockchain that bitcoin is built on makes it as durable as gold.

 

[kerryjoy]

All i can say Bitcoin and gold are often compared as investment assets and hedges against inflation, but opinions vary. Both have their pros and cons, making it important to consider individual investment goals and risk tolerance.